Hyundai Rotem has secured another contract from Bangladesh Railway for the supply of locomotives.
The $239 million order for 70 diesel-electric locomotives, announced on October 11, follows an order for 10 diesel-electric locomotives in May.
These awards have been made possible thanks to synergies with trade firm POSCO Daewoo and financial support from the Korea Trade Insurance Corporation and the Export-Import Bank of Korea.
The 19m-long locomotives will have a maximum speed of 110km/h and will operate on the route between Dhaka and Chittagong.
Production will begin at Hyundai Rotem’s Changwaon plant in 2020.
From this order, the South Korean rolling stock manufacturer plans to expand into the production of passenger cars as well as diesel vehicles.
A spokesperson said (Translated from Korean): “This project is the achievement of Hyundai Rotem’s high technical reputation in Bangladesh and the high level of trust we have gained through our faithful project execution capabilities.
‘Based on our order receipt, we plan to win additional projects in Bangladesh I will try hard.”