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The contract was signed with KeolisAmey, which will take over the running and development of both for 15 years from October 14.
The train maker, which is itself a subsidiary of Central Japan Railway Company, intends to sell the factory to a third party.
A supplier is expected to be awarded the contract in around May 2019 with a two year design and development process to follow.
This milestone follows Azuma trains built in Japan being testing on the route.
The high-speed trains are being built by Alstom and are scheduled to enter service on the Boston - New York - Washington D.C. Northeast Corridor in 2021.
The deal is valued at A$50.5 million and can increase to a maximum of A$54.5 million over the course of the next two years.
The deal is expected to be closed by the autumn with both businesses to be renamed in the process.