[Sponsored Report] Hyundai Rotem bags another deal with BR
Rotem announced that it supplied 20 diesel electric locomotives at a value of $80.35 million to the Bangladesh Railway (BR).
Rotem has maintained the top position in the diesel electric locomotive markets with a 33.8 percent market share throughout Bangladesh by receiving orders for 20 diesel electric trains in May and October last year.
The trains will be produced at Hyundai Rotem’s Changwon plant in South Gyeongsang starting in 2020 and will be delivered by 2021.
Hyundai Rotem explained that this order was the achievement of synergy in financial support from the Economic Development Cooperation Fund (EDCF) of the Export-Import Bank of Korea and aggressive business support from the Dacha Office from the Export-Import Bank.
Rotem’s diesel electric locomotives are designed to transport passengers and freight trains.
They are 17 meters (56 feet) in length, 2.7 meters wide and can drive a train at 100 kilometers per hour (62 miles per hour) with a 2000-horsepower motor.
Unlike conventional diesel electric locomotives in Bangladesh, air conditioners are installed in the cab to significantly improve the driver’s comfort.
“This contract was the result of Hyundai Rotem’s technological excellence in Bangladesh and the high level of trust it has gained through our sincere project execution capabilities,” said Hyundai Rotem in a statement. “We will try our best to obtain additional projects in Bangladesh through successful delivery in the future.”
Hyundai Rotem started selling coaches in Bangladesh in 1978, followed by passenger trains in 1980 and freight trains in 1985.
Rotem has continued to sell diesel electric locomotives in Bangladesh over the past 20 years, totaling 433 vehicles sold there so far.
By Shim Ji-yong [email@example.com]