Alstom-Led Consortium Signs EUR1.8 Billion Canada Contract
April 13 2018 - 1:41AM
Dow Jones News
By Nathan Allen
A consortium led by Alstom SA (ALO.FR) has signed a contract
valued at 1.8 billion euros ($2.22 billion) to provide a
67-kilometer driverless metro system in Montreal, the company said
late Thursday.
Alstom said its share of the contract was about EUR1.4
billion.
Canadian engineering and construction company SNC-Lavalin Group
Inc. (SNC.T) is also a member of the consortium, which is known as
Groupe des Partenaires pour la Mobilite des Montrealais, or Groupe
PMM.
Under the terms of the contract, the group will supply 212
Alstom Metropolis metro cars, driverless train-control systems,
platform screen doors and 30 years of operations and maintenance
services, Alstom said.
Alstom expects the first segment of the new metro to start
operations in summer 2021.
The French train maker also said it will open a research and
development facility in Montreal to investigate urban mobility
control systems.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
April 13, 2018 01:26 ET (05:26 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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