France-based global railway company Alstom has signed a five-year Technical Support and Spare Parts Supply Agreement (TSSSA) with Saudi Railway Company (SAR), valued at 300 million Saudi riyals ($80 million).
The agreement, announced during the Saudi Rail Exhibition last week, focuses on enhancing SAR’s east-west freight corridor.
Under the deal, Alstom will provide technical support and spare parts to maintain the corridor’s operational efficiency including digitalising the maintenance process.
(Writing by P Deol; Editing by Anoop Menon)
(anoop.menon@lseg.com)
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