Wabtec Signs Contract Worth $40 Million To Provide PTC Equipment/Services For SFRTA
WILMERDING, PA, May 18, 2017 – Wabtec Corporation (NYSE: WAB) has signed a contract worth about $40 million to design, install, test and commission Positive Train Control (PTC) for the South Florida Regional Transportation Authority (SFRTA), which operates the Tri-Rail commuter rail service.
Under the contract, Wabtec will provide its Interoperable Electronic Train Management System (I-ETMS®) equipment for 42 locomotives and cab cars, a back-office server, wayside communications and signals, a dispatch system, training, and system integration. Installation is expected to be completed by the end of 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.”
Tri-Rail operates more than 70 miles of track along the east coast of Florida between Mangonia Park and the Miami Intermodal Center. SFRTA’s PTC system will be fully interoperable with the system being implemented by all Class 1 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.