State-owned rolling stock maker to partner with Stadler

Deals

Hungarian state-owned rolling stock company Dunakeszi Járműjavító and Stadler Trains, the local unit of Swiss peer Stadler Rail, have signed a declaration of intent on production cooperation, Hungarian news agency MTI reported today citing the companies’ joint announcement.

The companies expressed an intention to bid together in tenders for Budapest's underground and suburban rail lines as well as for state-owned railway company MÁV. In accordance with the partnership, Stadler will plan and produce the carriage bodies, while Dunakeszi Járműjavító will outfit them.

The two companies expect Hungarian content in deliveries to reach 60-70%. The report added that the two companies are already partnering in a contract to supply Egypt's railway company.

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