Wabtec Signs Contract Worth $22 Million To Provide PTC Equipment/Services For BRC
June 07 2017 - 6:45AM
Wabtec Corporation (NYSE:WAB) has signed a contract worth about $22
million to design, install, test and commission Positive Train
Control (PTC) for the Belt Railway Company of Chicago (BRC).
Under the contract, Wabtec will provide its Interoperable
Electronic Train Management System (I-ETMS®) equipment for five
locomotives, a back-office server, office hosting, wayside and
communications design, a track database, construction, training,
and system integration. The contract is expected to be
completed in 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.”
With complex interoperability requirements, BRC owns and
operates about 292 miles of track, with about 27 miles of mainline
track encompassed in two subdivisions: Kenton and 59th
Street. BRC’s PTC system will be fully interoperable with the
PTC system being implemented by all Class 1 owners as well as
Metra, Amtrak and five short-line 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.
Contact:
Tim Wesley
Phone: 412.825.1543
E-mail: twesley@wabtec.com
Website: www.wabtec.com
Wabtec Corporation
1001 Air Brake Avenue
Wilmerding, PA 15148
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