Wabtec and La Compagnie du TransGuinéen Sign a $700 Million plus Rail Services Agreement

Wabtec Corporation (NYSE: WAB) today announced a more than $700 million long-term services agreement with La Compagnie du TransGuinéen (CTG) to support its fleet of new Evolution Series locomotives. The agreement is Wabtec’s largest services contract in Africa and combined with the 2024 locomotive orders brings its total value to more than $1.2 billion for the Simandou project.

CTG’s over 600-kilometer railway connects the Simandou mine to the Port of Morebaya, forming a critical transportation corridor for one of the world’s largest untapped reserves of high-grade iron ore, as well as passengers and non-mining goods. The project represents one of the most significant infrastructure investments in Guinea’s history and is intended to support long-term economic growth and development throughout the country.

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“Wabtec is proud to support the Simandou project, which we believe represents a transformative opportunity for Guinea. We are committed to ensuring the reliable operation of the railway to help unlock its full economic potential,” said Sameer Gaur, President, Global Freight Services for Wabtec. “This agreement is designed to help maximize locomotive availability, efficiency, and reliability, while supporting the development of local capabilities through workforce development, skills training, and partnerships with Guinean businesses.”

This multi-year customized services agreement is designed to support CTG’s unique operational requirements and long-term fleet strategy. The scope includes scheduled and unscheduled maintenance, parts and components overhauls, parts management, logistics support, training, advanced remote diagnostics, and a strong localization component.

The services will support CTG’s fleet of Wabtec ES43AC locomotives, powered by 4,500-horsepower Evolution Series engines. Built for demanding operating environments, the locomotives deliver exceptional fuel efficiency, high reliability, and proven performance in extreme temperatures, including the challenging conditions of eastern Guinea.

“The TransGuinean Railway is one of Africa’s most significant rail infrastructure projects, and operating it successfully requires world-class technology and support, as well as a clear commitment to localization and technology transfer,” said Mamoudou Nagnalen Barry, Chairman of the TransGuinéen Company.

“This agreement is intended to support the long-term performance of the locomotive fleet as we work to build a railway designed to contribute to economic growth and development across Guinea. It also highlights Guinea’s vision to build win-win partnerships with American companies, in the country’s ambition to grasp the best technologies from all over the world,” added Bouna Sylla, Minister of mine and geology of Guinea.

Wabtec Corporation is revolutionizing the way the world moves for future generations. The Company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine, and industrial markets.