Construcciones y Auxiliar de Ferrocarriles S A : RENFE RENEWS TRUST IN CAF AND AWARDS CONTRACT TO SUPPLY 29 COMMUTER TRAINS
March 28, 2023 at 09:08 am
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28/03/2023
RENFE has reported that its Board of Directors has placed an order with CAF for the supply of 29 commuter trains. The contract, which also includes the supply of the relevant depot parts, is worth almost €200 million and includes eventual options to extend its scope in the future, including the manufacture of an additional 9 complete trains, and additional cars that can be used to extend the units in the base contract.
This new project stems from the major investment plan pursued by RENFE in recent years, the main goal of which has been to update a significant portion of its train fleet, with a clear commitment to incorporating more efficient and sustainable units. It is also the third contract awarded to CAF within this modernization plan, which after this new agreement raises the company's turnover with the operator above 750 million euros.
The trains to be manufactured by CAF will have a 4-car basic configuration, boasting a capacity for over 500 passengers. They will also be fitted out with state-of-the-art technology and on-board passenger accessibility and comfort features, designed to facilitate access for people with reduced mobility and systems that make journeys more comfortable for visually or hearing impaired passengers.
This is an important awarding for CAF this year, since 2022 when the company secured an unprecedented amount of contracts worth in excess of €6 billion, which resulted in a year-end order backlog of over €13 billion, the highest figure ever achieved in CAF's long history. Accordingly, the Group is commencing this newly launched strategic period with an optimistic outlook; a period that includes a series of ambitious goals in terms of both growth and profitability for 2026.
CAF - Construcciones y Auxiliar de Ferrocarriles SA published this content on 28 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2023 08:07:01 UTC.
Construcciones y Auxiliar de Ferrocarriles SA (CAF) is a Spain-based company engaged in the rolling stock manufacture. The Companyâs activities are divided into two business segments: Rolling stock, as well as Components and spare parts. The Rolling stock division focuses on the design, production and distribution of rolling stock and equipment for railway systems, such as high-speed vehicles, locomotives, trains for middle-distance transportation, commuter trains and electric motorcars, subway trains, streetcars, traction and signaling systems, as well as energy storage solutions. The Components and spare parts division offers elements and spare parts for rolling stock equipment, such as wheels, axles and gear units. In addition, the Company offers technical assistance, maintenance and after-sale services, as well as development of rail infrastructure, among others. It operates through numerous subsidiaries in Spain, France, Germany, the United States, Brazil and Mexico, among others.
CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES, S.A. 
