Downer EDI has signed an agreement valued at approximately $1bn to maintain locomotives for Asciano Pacific National over the next 10 years.
Downer CEO, Grant Fenn, said the agreement was an important development in Downer Rail’s transformation to providing total rail asset solutions to its customers. After long struggles trying to compete with the low costs of overseas train manufacturers, Fenn has been attempting to transform the company’s rail division from a manufacturing business into an “asset…
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