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Austria buys Siemens trains for up to 1.5 billion euros

Staff Writer |
Siemens will supply Austrian railway operator OeBB with trains worth up to 1.5 billion euros ($1.71 billion).

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OeBB and Siemens have signed a framework agreement for delivery of up to 700 trains over the next five years, the companies said on Friday, with an initial 375 million euro order of 21 long-distance trains for delivery by 2022.

The trains can be used in Austria, Germany, Switzerland and Italy and can be adjusted for use in countries including Slovenia, Croatia, Hungary and Poland, Siemens said.

Production will start in April next year.

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