The first 16 trains, worth a total value of approximately €70m, have been ordered and will be leased to Trans Regio Deutsche Regionalbahn. The German company signed a contract in January 2007 for the Mittelrheinbahn concession, a rail service between Mainz and Cologne, running for 15 years and commencing in December 2008.
The agreement between Siemens and Angel Trains includes an option for a further 84 trains to meet the needs of its portfolio and its clients. Work will commence on manufacturing the trains in July at a Siemens facility in Krefeld, Germany.
This latest order takes the total fleet of passenger trains now managed by Angel Trains Europa, the Cologne-based German subsidiary of Angel Trains, to over 220 units, comprising sixty electric multiple units.