Wabtec and La Compagnie du TransGuinéen Sign a $700 Million plus Rail Services Agreement
PITTSBURGH--(BUSINESS WIRE)-- #WeAreWabtec--Wabtec Corporation (NYSE: WAB) today announced a more than $700 million long-term services agreement with La Compagnie du TransGuinéen (CTG) to support its fleet of new Evolution Series locomotives. The agreement is Wabtec's largest services contract in Africa and combined with the 2024 locomotive orders brings its total value to more than $1.2 billion for the Simandou project.CTG’s over 600-kilometer railway connects the Simandou mine to the Port of Morebaya, formin