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5/27/2008
Rail News: Rail Industry Trends
Railpower to build locomotive plant in Quebec
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Yesterday, Railpower Technologies Corp. announced plans to build a locomotive assembly plant in Saint-Jean-sur-Richelieu, Quebec.
The facility's first phase will include 55,000 square feet of production space and 4,000 square feet of office space. The plant will be equipped with state-of-the-art manufacturing and testing equipment for Railpower's locomotive line, including GenSet switchers and other environmentally friendly models.
"For the first time in its history, Railpower will own a dedicated, world-class manufacturing facility capable of building the world's leading high-efficiency locomotives," said Railpower President and Chief Executive Officer José Mathieu in a prepared statement.
The Ontario Teachers Pension Plan — which earlier this year invested $35 million in Railpower — has agreed to provide $20 million to help the company finance the plant's construction and the cost to build additional demonstration locomotives.
The facility's first phase will include 55,000 square feet of production space and 4,000 square feet of office space. The plant will be equipped with state-of-the-art manufacturing and testing equipment for Railpower's locomotive line, including GenSet switchers and other environmentally friendly models.
"For the first time in its history, Railpower will own a dedicated, world-class manufacturing facility capable of building the world's leading high-efficiency locomotives," said Railpower President and Chief Executive Officer José Mathieu in a prepared statement.
The Ontario Teachers Pension Plan — which earlier this year invested $35 million in Railpower — has agreed to provide $20 million to help the company finance the plant's construction and the cost to build additional demonstration locomotives.
