(UPM, Paso de los Toros, 9 October 2020, 11:00 GMT-3) UPM has signed a long-term service agreement regarding the development of rail cargo operations in Uruguay with a consortium of Christophersen Group, Cointer Concesiones and Deutsche Bahn International Operations.
Deutsche Bahn International Operations will take a leading role as the service provider in the operating company, whereas investments in rolling stock and the maintenance depot will be carried out by Cointer Concesiones and the Uruguayan Christophersen Group.
The rail operations will start after the ongoing construction of the rail line, transporting pulp from the new Paso de los Toros mill to the port terminal in Montevideo. In addition to the operations, the contract covers the design and maintenance of tailor-made special freight wagons and locomotives that meet the latest safety and environmental standards.
The service-agreement value is included in the investment frame as communicated on July 23, 2019.
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