Hyundai Rotem wins $1.4 bil. train deal in Morocco.
Hyundai Rotem has secured a 2.2 trillion won ($1.4 billion) contract to supply advanced trains to Morocco, the company said Wednesday.
Under the deal, Hyundai Rotem, the train manufacturing subsidiary of Hyundai Motor Group, will supply double-decker electric trains to ONCF, Morocco’s national railway operator, marking its first entry into the Moroccan market. The contract is also Hyundai Rotem’s largest railway supply deal to date.
Hyundai Rotem’s largest past contracts include the Australian NIF double-decker train project worth 1.4 trillion won, the Queensland train supply contract valued at 1.3 trillion won and the Los Angeles Metro train contract worth 900 billion won for the 2028 Summer Olympics.
Later in the day, acting President Choi Sang-mok sent a letter to King Mohammed VI of Morocco to express gratitude for the trust and interest shown by his government in Hyundai Rotem, according to the finance ministry.
The double-decker trains, which can reach speeds of up to 160 kilometers per hour, will connect Casablanca with key regions, enhancing Morocco’s public transportation infrastructure ahead of its co-hosting of the 2030 FIFA World Cup. Some components will be manufactured locally to support the country’s railway industry.
Source: KOREATIMES
