Harsco Rail Wins MTA Contract
October 15 2018 - 8:38AM
Seven-year agreement calls for provision of 65 flat
cars in support of MTA New York City Transit’s subway projects
Harsco Corporation’s (NYSE: HSC) railway track maintenance
division, Harsco Rail, announced today that it has been awarded a
multiyear contract by the Metropolitan Transportation Authority
(MTA) of New York. The pact – valued at approximately $40
million – calls for the construction and delivery of 65 flat cars
by the end of 2021.
Under the terms of the contract, construction of the first flat
car is scheduled to begin immediately. The first delivery is
expected in July 2019, after which two new flat cars will be
delivered per month. The cars were purchased to support
ongoing construction throughout the New York City subway system and
will serve to improve both subway performance and passenger ride
quality.
“New York’s subway system has more stations than any transit
system in the world, and provides more than one billion rides per
year,” said Harsco Rail President Jeswant Gill. “Harsco Rail
could not be more pleased to partner with the MTA to help ensure a
safer, more comfortable trip for customers.”
About Harsco RailHarsco Rail, a worldwide
operating segment of Harsco Corporation, is a global supplier for
railway track maintenance and construction. Harsco Rail
provides expert engineering, innovative technology, safety
technology, dedicated parts and services, contracting services and
quality maintenance from nine main locations in the United States,
United Kingdom, Germany, India, Brazil, China and Australia.
Investor Contact David
Martin717.612.5628damartin@harsco.com |
Media ContactAshley
Roseboro980.960.2644aroseboro@harsco.com |
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