Largest Siemens train contract, worth $3.25 billion, signed with India

NEW DELHI, India: Siemens has announced that it has signed the largest locomotive deal in its history, worth $3.25 billion, to supply and service freight trains in India.

Under the agreement, the German engineering firm will deliver 1,200 electric locomotives and provide servicing for 35 years.

Over the next 11 years, the company's 9,000-horsepower trains, which has a top speed of 75 miles per hour, will