Wabtec has been awarded a $248 million contract to supply locomotives for Guinea’s Simandou iron ore project, underscoring a total financial commitment exceeding $500 million. The ES43ACmi dual-cab locomotives will begin delivery in 2025, aiming to enhance the railway operations for one of the world’s largest untapped ore deposits.
Wabtec, a U.S.-based global engineering firm, has secured a $248 million contract from the Winning Consortium Simandou to supply locomotives for the Simandou iron ore project in Guinea. This delivery will consist of the state-of-the-art ES43ACmi dual-cab locomotives, specifically engineered to perform optimally in Guinea’s high-temperature environment, with the first units expected in 2025. This contract marks the second order within the broader Trans Guinean Railway project, increasing Wabtec’s total commitment to the initiative to over $500 million.
The Simandou project, located in Guinea, is recognized for hosting one of the largest untapped iron ore deposits globally, with reserves totaling approximately 1.8 billion tons. This project is pivotal not only for iron ore extraction but also for significantly boosting local and national economies through enhanced infrastructure and job creation. The Trans Guinean Railway aims to facilitate the transport of iron ore from the Simandou project to international markets, crucial for the economic development of Guinea.
The recent contract won by Wabtec underscores significant advancements in the Simandou iron ore project and its potential for economic impact. By providing specialized locomotives, Wabtec enhances the efficiency of transporting vast iron ore resources, reinforcing the project’s role in promoting local talent and business engagement. As the project’s scale expands, the focus on sustainable development and local empowerment remains imperative.
Original Source: energycapitalpower.com
