Hyundai Rotem wins$239 mln order to provide diesel-electric locomotives for Bangladesh

Lim Chang-won Reporter Posted : 2018-10-11 10:18 Updated : 2018-10-11 10:18
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[Courtesy of Hyundai Rotem]

SEOUL -- Hyundai Rotem, a train-making subsidiary of South Korea's Hyundai auto group, has clinched a $239 million order to provide 70 diesel-electric locomotives for Bangladesh Railway, the state-owned rail transport agency which operates the country's entire railway network.

Hyundai Rotem said Thursday in a statement that 70 diesel-electric locomotives would be delivered by 2023. The order came five months after the company won a 41 billion won ($36 million) order in May to build 10 diesel-electric locomotives for Bangladesh Railway.

Hyundai Rotem's locomotives with a top speed of 110 km per hour will be designed to operate freely on narrow and broad gauge railroads. With its new deal, the company has become a key contractor in Bangladesh's railway project.