How much does a new & used locomotive cost?

Question

What is the average cost for a new and used railroad locomotive cost?

Answer 1

A traditional diesel electric locomotive for passenger service will cost about $2M. Electrics seem to be going for more, though I don't know why. Seems to me they should be less. Transformers are cheaper than diesel engines. The Acela, JetTrain, ICE etc. generally are priced by the train set, so how much the locos is unknown. NJT has placed recent orders for electric and diesel pass. locos. You might check their web sited for order details

An european high speed locomotive for about 135 mph (built under european standards) may cost around $4 millions. Trains like TGV or ICE are sold as a whole and their price depends largely on the train size, speed and other features (like restaurant or bistro, separate locomotive or underfloor traction equipment, tilting)