Newag has a contract for 10 electric locomotives for Cargounit for PLN 183.9 million net

Newag has concluded a contract with Cargounit for the supply of 10 electric six-axle locomotives with a diesel access module, along with additional benefits, for PLN 183.9 million net, the company announced. The agreement provides for the option to order up to 20 additional locomotives, which the ordering party may use in whole or in part until 31 December 2028.

The locomotives covered by the basic scope of the contract will be delivered to the customer within the time limits specified in detail in the contract, ranging from 22 to 26.5 months from the date of conclusion of the contract.

The estimated value of the contract, taking into account the option right in its entirety (i.e. if the subject of the contract is extended by the sale of 20 additional locomotives), is PLN 551.7 million net.

The Newag capital group deals with the production, modernization and repair of rolling stock and rails. Newag debuted on the Warsaw Stock Exchange in 2013; is included in the sWIG80 index. Consolidated sales revenues reached PLN 964 million in 2022.

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