June 16, 2018 / 11:05 AM / 3 months ago

Siemens wins $2 bln contract to build new London Tube trains

LONDON, June 16 (Reuters) - Germany’s Siemens has been awarded a contract worth about 1.5 billion pounds ($2 billion) to design and build 94 new generation trains for the Piccadilly Line on London’s metropolitan train network known as the Tube.

“The award of this contract is a significant step allowing Siemens Mobility Limited to progress its plan to build a new factory in Goole, East Yorkshire, to manufacture and commission trains,” said Transport for London, the public body in charge of the Tube, in a statement.

$1 = 0.7528 pounds Reporting by Estelle Shirbon; Editing by Adrian Croft

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