Siemens wins $2 billion contract to build new London Tube trains
LONDON (Reuters) - A division of Germany’s Siemens ( SIEGn.DE ) has been awarded a contract worth about 1.5 billion pounds ($2 billion) to design and build 94 new trains for the Piccadilly Line on London’s metropolitan train network, known as the Tube. A man takes a picture of the cockpit of a Desiro City passenger train by Siemens Mobility at the InnoTrans railway technology trade fair in Berlin, September 25, 2014. REUTERS/Thomas Peter Transport for London (TfL), the public body in charge of the Tube, said the award of the contract would allow Siemens Mobility Limited to push ahead with its plan to build a new factory in Goole, east Yorkshire, in northern England. “The Siemens Mobility Limited factory would employ up to 700 people in skilled engineering and manufacturing roles, plus up to an additional 250 people during the construction phase of the factory,” TfL said in a statement. “As a result, around 1,700 indirect jobs would be created throughout the UK supply chain,” it said