Siemens Mobility, Austria Federal Railways Enter Into EUR400 Million Digitization Deal
22 Août 2023 - 1:49PM
Dow Jones News
By David Sachs
Siemens Mobility said Tuesday that it has entered into an
agreement with Austria Federal Railways worth 400 million euros
($435.8 million) to expand digital-train infrastructure.
The Munich-based transport tech company said the deal will
expand the "European Train Control System Level 2" system, which is
digital technology that controls distances between trains and their
direction and speeds in real time, throughout Austria's high-level
railway network. The technology is the basis for autonomous driving
at optimum speed and results in more frequent and reliable trains,
Siemens said.
The deal also calls for installing 21 radio block centers along
the railroad to provide fail-safe coverage of the service area,
Siemens said.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
August 22, 2023 07:34 ET (11:34 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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