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Spain's Renfe picks Siemens for $1.36 billion high-speed train order

By Reuters News

MUNICH, Oct 27 (Reuters) - Spanish state-owned railway operator Renfe said on Tuesday it selected Siemens as the preferred supplier of 30 high-speed trains.

  • Renfe put the value of the contract including maintenance at €1.22 billion ($1.36 billion)

  • The rail company has the option to order 10 more trains

  • The first five "Velaro Novo" trains, which are based on the ICE 3 train generation, are due to be delivered within three years and four months, with the last batch due in five years and two months.

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