Alstom Signs Two Contracts in China for Rail Transport Equipment
March 12 2007 - 7:40AM
Business Wire
Regulatory News: Patrick Kron, Chairman and Chief Executive Officer
of Alstom (Paris:ALS), has signed today in Beijing two contracts
for a total amount of more than 350 million euros with the Chinese
Ministry of railways, for the manufacture of electric freight
locomotives and the electrification of a high speed line. The first
contract, which follows a letter of intent signed in October 2006,
is for the manufacture of 500 electric freight �Co-Co� (triple
axle) locomotives based on Alstom Transport�s Prima 6000. The
overall value of this contract totals around 1.1 billion euros,
with Alstom�s share worth 310 million euros and its Chinese
partner�s, Datong Electric Locomotives, some 800 million euros.
Alstom will be responsible for designing and industrialising these
locomotives. Alstom�s Belfort (France) plant, the Group�s worldwide
locomotive and engineering centre of excellence, will produce the
first 10 locomotives and the components to be integrated into the
190 following ones, while this production will be gradually
localised to its Chinese partner, Datong Electric Locomotives. This
company has already partnered Alstom in a 2005 contract to
manufacture 180 BoBo electric (twin axle) locomotives. The second
contract, worth 42 million euros, is for the electrification of the
Shi-Tai high-speed line. This is the first infrastructure contract
won by Alstom in the Chinese market. Stretching over 189
kilometres, this line will link the cities of Shijiazhuang and
Taiyuan, located in the provinces of Hebei and Shanxi (about 600
kilometres to the southwest of Beijing). It will allow passengers
to travel from Beijing to Taiyuan in 3 hours, enabling trains to
peak at 250 km/h. Construction is expected to be completed by the
end of 2008. It includes the supply of electrification equipment
for the overhead lines, as well as associated technical services
(engineering support, supervision of installation). Delivery of
equipment by Alstom is scheduled for between the end of 2007 and
mid-2008. Between now and 2010, China plans to build 9,800
kilometres of passenger track, with trains operating at speeds of
over 200km/h. Construction of these new tracks will enable China�s
railway authorities to double their transport capacity, which
currently amounts to 1 billion passengers transported each year.
www.alstom.com , www.transport.alstom.com
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