UNITED NEWS INTERNATIONAL (UNI) – Industrial manufacturing company Siemens was awarded a £1.5 billion ($2 billion) contract to design and build new trains for London’s metropolitan train network, known as the Tube.

As part of the Tube upgrade programme, Transport for London, the public body in charge of the tube, has commissioned 94 new trains for the Piccadilly line, which is currently used by 700,000 customers a day.

The TFL says it wants 27 trains running-per-hour at peak times on the Piccadilly line by the end of 2026.

The Bakerloo, Central, and Waterloo & City lines will also be upgraded.

The contract, which was confirmed on June 15, will also reportedly allow Siemens to build a new manufacturing factory in northern England.

A spokesperson for London’s mayor said the upgrade will make London more accessible as its population grows.