Stadler to provide EMUs to Latvia

Transport and Related Services

Stadler has been elected for a 15-year hire-purchase contract to supply 25 1520mm-gauge EMUs to the Latvian passenger operator Pasazieru Vilciens (PV).

The 15-year lease term contract award worth €273.9 million covers residual value of the assets at the end of the lease, maintenance equipment and spare parts. The contract is still waiting for the approval by the Latvian ministry of transport.

Pesa and Hyundai-Rotem were the two other bidders for the contract, although PV says Pesa did not submit a final proposal and the Hyundai-Rotem bid was dropped as it failed to comply with the terms and conditons of the tender.Read complete story at http://www.tendersontime.com/blog-detail/stadler-provide-emus-latvia-122.php