Together with two partners, the Munich-based company said on Saturday that it had signed a contract for the construction of a high-speed rail network.

According to the contract, the Siemens’ order is worth €8.1 billion ($8.7 billion). This includes €2.7 billion for the first line, which was already agreed last year.

Siemens has called it the largest order in the 175-year history of the company.

The plan is for the construction of a 2,000-kilometre high-speed network.

Siemens Mobility will supply 41 high-speed trains, 94 regional trains and 41 freight locomotives. The contract also includes rail infrastructure, eight depots and freight stations, and a 15-year maintenance contract.