Modernization on Rails: Siemens Mobility and Costain Secure Multi-Billion Dollar Contract for HS2 Projects
- Siemens Mobility and Costain secure a multi-billion contract for the HS2 project in England.
- The contract includes design, installation, and maintenance of high voltage systems, with a focus on sustainability.
Eulerpool News·
Siemens Mobility, a significant part of the Siemens family, and infrastructure specialist Costain have jointly won the contract to supply high-voltage systems for the High Speed Two (HS2) high-speed line between London and the West Midlands in England. The prestigious collaborative contract extends over an impressive distance of 225 kilometers between London and Birmingham. The project, valued at around 300 million pounds, includes the design, manufacture, installation, and subsequent maintenance of the high-voltage systems. Particularly noteworthy are the potential contract extensions that offer further development potential. As part of the Rail Systems Alliance, the joint venture will work closely with industry partners to ensure the implementation of the significant rail projects. Additionally, a separate seven-year maintenance contract worth 32 million pounds will commence after the design and construction phase is completed. The cooperation builds on a wealth of experience from successful projects such as the Elizabeth Line and the green power solution for the East Coast Main Line. This promises not only effective project management and system integration skills but also strong collaboration in the supply chain. A key concern of HS2 is sustainability. The trains are to be powered from the outset with carbon-free energy from the national grid, making a crucial contribution to environmentally friendly transport infrastructure. Alex Vaughan, CEO of Costain, emphasized the continuous involvement in major projects in the United Kingdom and praised the new partnership with Siemens Mobility, which is based on shared values and ambitions. Recently, Costain also secured another contract for the mechanical and electrical systems of the HS2 sections. Such progress underscores the importance of strategic investments in the country's rail infrastructure and reflects the growing importance of sustainable energy in modern transportation. Modern Financial Markets Data
Eulerpool Data & Analytics
Modern Financial Markets Data
Better · Faster · Cheaper
The highest-quality data scrubbed, verified and continually updated.
- 10m securities worldwide: equities, ETFs, bonds
- 100 % realtime data: 100k+ updates/day
- Full 50-year history and 10-year estimates
- World's leading ESG data w/ 50 billion stats
- Europe's #1 news agency w/ 10.000+ sources
Save up to 68 % compared to legacy data vendors
New
Dec 20, 2024