Wabtec Corporation (NYSE: WAB) has signed a contract worth about $22 million to design, install, test and commission Positive Train Control (PTC) for the Belt Railway Company of Chicago (BRC).
Under the contract, Wabtec will provide its Interoperable Electronic Train Management System (I-ETMS®) equipment for five locomotives, a back-office server, office hosting, wayside and communications design, a track database, construction, training, and system integration. The contract is expected to be completed in 2018.
Raymond T. Betler, Wabtec’s president and chief executive officer, said: “The scope of our work on this project demonstrates the wide-ranging roles that Wabtec can play in the implementation of PTC for our customers. We are continuing to invest worldwide in this important segment of our business.”
With complex interoperability requirements, BRC owns and operates about 292 miles of track, with about 27 miles of mainline track encompassed in two subdivisions: Kenton and 59th Street. BRC’s PTC system will be fully interoperable with the PTC system being implemented by all Class 1 owners as well as Metra, Amtrak and five short-line railroads.
About Wabtec Corportation
Wabtec Corporation is a leading global provider of equipment, systems and value-added services for transit and freight rail. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services. The company has facilities located throughout the world.