Rendering of the Bombardier Movia metro train.Photo – Bombardier
India’s Uttar Pradesh Metro Rail Corp. (UPMRC) issued a letter of award valued at $275 million to Bombardier Transportation to build and deliver 201 rail cars and a signaling solution for the Agra-Kanpur Metro projects. Bombardier will provide the Agra Metro and Kanpur Metro 67 Bombardier Movia metro three-car trainsets and the Bombardier CITYFLO 650 rail control solution. UPMRC has an option of an additional 51 cars.
Affiliates of Paceline Equity Partners LLC, a private equity manager, acquired railroad maintenance-of-way equipment lessor R.E.L.A.M. Inc. Paceline affiliates also acquired the affiliated rail infrastructure and track maintenance services businesses, Acme Construction Co. Inc. and Timiny RR Construction Inc. The companies will operate with 1435 Rail Inc., a lessor of railroad MOW equipment that was acquired by Paceline affiliates in late 2019. John Roberts will serve as R.E.L.A.M.’s chief executive officer. He previously served stints at Marmon Crane Services Inc. and Railserve Inc.
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