Newspaper article The Canadian Press

Alstom-Bombardier Consortium Wins Large Paris Commuter Rail Contract

Newspaper article The Canadian Press

Alstom-Bombardier Consortium Wins Large Paris Commuter Rail Contract

Article excerpt

Alstom-Bombardier wins Paris rail contract

--

MONTREAL - A consortium including Alstom and Bombardier has won a commuter rail contract for the Paris region that could eventually be worth about C$5.2 billion, the companies and French railway operators said.

Bombardier (TSX:BBD.B) and France's Alstom were the sole bidders for the largest rolling stock tender ever launched by French railway company SNCF to provide 255 two-tier trains after Germany's Siemens withdrew and Spanish rival CAF was eliminated in October.

The initial firm order for 71 trains is valued at C$1.6 billion or $480 million for Bombardier. The STIF transit authority on Paris' Ile-de-France will pay for this contract.

Bombardier will earn 30 per cent of the proceeds from orders under the framework agreement, with Alstom receiving 70 per cent. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.