GE in $660M deal to build locomotives for South African rail company

|By:, SA News Editor

General Electric (GE +1.1%) says it won a contract to build 233 diesel locomotives for South Africa's state-owned Transnet rail company over three and a half years for 7.1B rand ($660M), part of a $4.7B commitment to buy more than 1,000 locomotives from various manufacturers as part of sweeping infrastructure upgrades.

Ge says the core parts of the locomotives including the engines will be made in the U.S. and the machines will be assembled at a facility in South Africa.

China's CSR Zhuzhou Electric and a local subsidiary of Canada's Bombardier (BDRBF) will split most of the rest of the order to build ~600 electric locomotives.