CIM CIMIC Group Limited

   By Nathan Allen 
 

Construcciones & Auxiliar de Ferrocarriles SA (CAF.MC) said Thursday that its Momentum Trains Consortium has signed a 15-year contract to supply and maintain a regional train fleet for the Australian state of New South Wales.

CAF said its share of the contract exceeds 500 million euros ($565.2 million) and comprises the supply of 29 diesel-electric trains, two simulators and the construction of a maintenance facility.

The first trains should enter operations in 2022, CAF said.

Momentum Trains also includes the DIF Infrastructure fund and CIMIC Group Ltd.'s (CIM.AU) Pacific Partnerships subsidiary.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

February 14, 2019 03:06 ET (08:06 GMT)

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