Wabtec Signs $700M Services Deal to Support Railway in Guinea

Dow Jones

09/22

Wabtec signed a long-term services agreement with La Compagnie du TransGuinéen worth more than $700 million.

The deal will support CTG's fleet of new Evolution Series locomotives, and marks Wabtec's biggest services contract in Africa.

CTG's railway connects the Simandou mine to the Port of Morebaya in Guinea. The project has brought in more than $1.2 billion for Wabtec, including the latest deal and locomotive orders in 2024.

The multi-year agreement includes scheduled and unscheduled maintenance, parts overhauls and management, logistics support, training, advanced remote diagnostics and a localization component.

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