Alstom wins railway contracts in Greece and Korea

Posted on August 29, 2002

Alstom has won railway contracts in Greece and Korea with a combined worth of $280 million. In Greece, Alstom, as a member of a consortium, won a new order to supply and construct the electrical and mechanalical elements of a new 18.6-mile line between the city center of Athens, and the new airport at Spata. The contract, awarded by ERGOSE, subsidiary of the National Greek Railways, has an overall value of $320 million, of which Alstom's share will be $131 million. Alstom will be responsible for the turnkey project management and the design engineering, and will supply the substations, the signaling, the catenary and the track. In Korea, Alstom, as a member of a consortium, won a contract worth $388 million to build a 37-mile railway linking Seoul, the capital, to the nearby international airport at Incheon. The railway will include a connection to the Seoul-Pusan national high-speed rail line. Commercial service is scheduled to begin in the end of 2005.

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