Diversification of Angola’s Economy Supported by GE Locomotive Deal
New York – March 26, 2015 – 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.