Vale to Adopt Wabtec's Train Control Technology in Brazil

MT Newswires Live

07/17

Wabtec (WAB) said Thursday it has signed an agreement with Vale (VALE) to implement the Positive Train Control system to improve safety standards on the Carajas Railway and the Vitoria a Minas Railway in Brazil.

The firm said that the project, representing an investment of about 1 billion Brazilian real ($196 million), will be implemented in phases through 2031.

The PTC system enhances predictability and reliability in railway operations through data transmission and monitoring technology, the company said.

Price: 262.48, Change: +2.77, Percent Change: +1.06

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