Korean teach production firm Hyundai Rotem has renewed its upkeep products and services for 90 subway trains in Ukraine, securing an more 65 billion received ($59.6 million), in accordance to The Korea Herald.
Image from UNIAN
Hyundai Motor’s affiliate signed a deal with Ukraine Railway Speed Co. to lengthen its undertaking by five a long time, the enterprise stated in a assertion Wednesday, November 22, The Korea Herald claimed.
Browse alsoUkrzaliznytsia to launch direct rail company in between Ukraine and BulgariaUnder the renewed deal, Hyundai Rotem is liable for the routine maintenance of the 90 trains until finally 2027, it reported.
In 2010, Hyundai Rotem secured a 350 billion received offer to establish 90 subway trains for Ukraine Railway Speed Co. It has also been supplying 24-hour routine maintenance expert services for the trains in Ukraine.
Hyundai Motor owns a 43.4% stake in Hyundai Rotem, which presents railway and defense techniques as nicely as plant equipment. Morgan Stanley Private Fairness also has a share of 24.8% in the company.
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