Portuguese company Medway invests EUR 45 M in trains to cross the Pyrenees

Portuguese company Medway invests EUR 45 M in trains to cross the Pyrenees - Portugal Business News

Portuguese company Medway is investing EUR 45 million in trains to cross the Pyrenees. The main private rail freight operator on the Iberian peninsula, that is part of Mediterranean Shipping Company (MSC), has a 90% market share in the Portugal rail freight sector.

Medway’s new investment will be for 8 new locomotives and 250 freight wagons that will allow the company to extend its activities to the French market by 2025 according to Negócios.

The company is also leading a consortium of 10 entities that will invest EUR 82 million for building smart wagons under Portugal’s Recovery and Resilience Plan (PRR).

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