Alstom To Supply EUR400 Million Worth of Trains In Canada

French power equipment and train manufacturer Alstom SA (>> ALSTOM) Thursday said it finalized a EUR400 million contract to provide 34 light trains and 30-year maintenance for the first line of the Ottawa urban railroad in Canada.

MAIN FACTS:

– Alstom will provide the trains to the Rideau Transit Group consortium, which comprises ACS Infrastructure Canada Inc., SNC-Lavalin (SNC.T) and Ellisdon and other companies. The whole project is worth more than EUR1.5 billion.

– The new Citadis Spirit train that Alstom is launching in the North American market will have many features that accommodate Ottawa’s particular needs. Designed in a high capacity version, it will be able to operate in extreme winter conditions. It will also benefit from a top speed of 65 mph, reducing travel time between suburban areas and the City Center.

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Source : 4-Traders

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