Wabtec Signs Contract Worth $62 Million to Provide PTC Equipment/Services for CFRC (SunRail)
WILMERDING, PA, February 12, 2018 – Wabtec Corporation (NYSE: WAB) has signed a contract worth about $62 million to design, install, test and commission Positive Train Control (PTC) for the Central Florida Rail Corridor (CFRC), which operates the SunRail commuter rail service.
Under the contract, Wabtec will provide its Interoperable Electronic Train Management System (I-ETMS®) equipment for 24 locomotives and cab cars, a back-office server, wayside communications and signals, a dispatch system, training, and system integration. Installation is expected to be completed by the end of 2018.
Raymond T. Betler, Wabtec’s president and chief executive officer, said: “The scope of our work on this project demonstrates the wide-ranging roles that Wabtec can play in the implementation of PTC for our customers. We are continuing to invest worldwide in this important segment of our business.”
Nicola Liquori, chief executive officer of SunRail, said: “Safety is the number one priority for SunRail and the Florida Department of Transportation. Positive Train Control will allow us to increase safety for our customers, crews and the traveling public in general.”
SunRail operates more than 60 miles of track through central Florida between Deland and Poinciana. CFRC’s PTC system will be fully interoperable with the system being implemented by all Class 1 railroads.
Wabtec Corporation (www.wabtec.com) is a leading global provider of equipment, systems and value-added services for transit and freight rail. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services. The company has facilities located throughout the world.
