sur Vossloh AG (ETR:VOS)
Vossloh to Support Major Rail Infrastructure Expansion in Algeria
Vossloh AG has secured significant contracts within Algeria's ambitious rail expansion program. The German firm will supply rail fasteners and switch systems in deals amounting to approximately €59 million, with all products to be delivered by the end of 2025.
The project's centerpiece is a 950 km railroad line linking the Ghar Djebilet iron ore mine with processing facilities in Tindouf and Béchar. This line is crucial for facilitating both passenger and freight transport to Algeria's northern cities. The entire venture is expected to be completed by the end of 2026.
Algeria's rail network aims to expand to 15,000 kilometers by 2035, more than tripling its current length. "Algeria’s rail expansion program is impressive," noted Vossloh CEO Oliver Schuster.
R. H.
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