Japan’s Hitachi Rail to upgrade Austria’s signal system in $1.5bn deal

30-year contract covers installing and maintaining digital controls nationwide Hitachi, Siemens and OBB announce a deal to replace Austria's rail signaling system on Sept. 22 in Berlin. (Hitachi Rail) TOKYO — Japan's Hitachi Rail will install and maintain a next-generation signaling system for Austria's national rail network in a 30-year contract worth 1.3 billion euros ($1.48 billion).

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