Bombardier Transportation, an unit of Canadian Aerospace and transportation company Bombardier Inc. (BBD_A.TO, BBD_B.TO), announced that the company and Deutsche Bahn AG or DB have signed a frame contract for the delivery of electric locomotives. The total potential contract value is up to 1.5 billion euro or US$2 billion and includes options for the call-off of up to 450 locomotives by the year 2020.
The first call-off of 110 locomotives for Schenker Rail and 20 for DB Regio was exercised on June 17, 2013. Based on the list price, the value of 130 locomotives would be 430 million euro or US$573 million. The frame agreement allows for numerous variations and technical options.
According to the company, the locomotives are designed for speeds of up to 160 km/h. On request, they can be equipped with "Last Mile" functionality that allows, for example, freight operation of an electric locomotive on non-electrified routes.
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