Diversification of Angola’s Economy Supported by GE Locomotive Deal
March 27 2015 - 6:00AM
Business Wire
GE Transportation announced it signed a contract to provide
Instituto Nacional Dos Caminhos de Ferro Angola (INCFA) with 100 GE
C30ACi locomotives to be used in Angola over the next three years.
This deal also includes services, tools and training.
This contract demonstrates the Angolan Government’s commitment
to the diversification of its economy into new sectors such as
mining, agriculture and energy. Improved infrastructure by rail can
stimulate economic development and accessibility to the interior of
the country. In addition, the new locomotive technology improves
railroad capacity and efficiency.
"This deal is another step in broadening GE’s partnership with
Angola. This contract is evidence of continued confidence in
regional trade through transportation infrastructure across
Africa,” said Thomas Konditi, President and CEO of GE
Transportation Sub-Saharan Africa.
Angola is looking to be a leader in the region as a
transportation hub. In 2013, the governments of Angola, Democratic
Republic of Congo and Zambia re-committed to the success of the
Lobito Corridor to bolster trade in the region and drive regional
growth. This investment in infrastructure could reduce the cost of
general freight and mining transportation by 80%.
"GE Transportation is committed to building world-class service
delivery capabilities in Angola. The deal reflects this commitment
by providing knowledge transfer, human capacity and skills
training,” said Konditi.
Over the past four years, GE has delivered more than 320
locomotives to Central and Southern African countries. This newest
order has increased GE’s backlog for deliveries to the region to
more than 400 new locomotives.
The GE C30ACi locomotive, a six-axle diesel-electric
locomotive with a 12-cylinder 3,000 horsepower FDL-series diesel
engine, will be built in Erie, Pennsylvania in the United States
and delivered over three years starting in 2016. The C30ACi is an
Ecomagination product. Ecomagination is GE's initiative to bring to
market new technologies that will help customers meet environmental
challenges.
GE has been operating in Angola since 1967. Today, GE employs
more than 500 people in businesses spanning across key sectors
including oil and gas, power and water, and rail
transportation.
GE Transportation
At GE Transportation, we’re in the business of realizing
potential. We’re a global technology leader and supplier to the
rail, mining, marine, stationary power and drilling industries. Our
innovations help customers deliver goods and services with greater
speed and greater savings using our advanced manufacturing
techniques and connected machines. Established more than a century
ago, GE Transportation is a division of the General Electric
Company that began as a pioneer in passenger and freight
locomotives. That innovative spirit still drives GE Transportation
today. It’s the engine of change that puts us at the forefront of
innovation and technology, where we continue to realize new
potential and keep our connected world moving forward. GE
Transportation is headquartered in Chicago, IL, and employs
approximately 12,000 employees worldwide. For more information,
visit getransportation.com.
GE Transportation – ChicagoJessica Taylor, +1 202-412-3924
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