Hyundai Rotem wins EUR 79 mln order from Istanbul Municipality

Hyundai Rotem_metrou IstanbulHyundai Rotem won a KRW 103.8 bn (EUR 79 mln) to supply 17 four-car metro trains to Istanbul Metro. The order was placed by the Istanbul Metropolitan Municipality. The new trains, which will be delivered from the second half of 2017, will operate on line M2 which connects Yenikapı and Hacıosman. The new M2 vehicles will be manufactured at Hyundai Rotem’s factory in Adana.
The new trains will complement the line’s existing fleet of 23 four car Hyundai Rotem trains, which has experienced a increase in demand since the opening of the Marmaray tunnel and the Line M1 interchange at Yenikapi. Demand is expected to continue to increase with the opening of Line M6 between Levent and Hisarüstü later in 2015.
Hyundai Rotem secured the order ahead of CNR Changchun, which reportedly offered a price 12% below Hyundai Rotem’s bid.

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