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The purchase continues to advance NJ TRANSIT’s plan to phase out the oldest single level railcars from the fleet.
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The transaction is part of Alstom’s commitments to the European Commission in relation to Alstom’s acquisition of Bombardier Transportation.
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This creation was a commitment made by the group at the time of the acquisition of Bombardier Transportation.
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Frank Castellon brings more than 17 years of transit and systems safety experience.
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Alstom will continue to honor its obligations under the existing orders for Rolling Stock from Trenitalia and ILSA to ensure a seamless transition.
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In his role, Michael Keroullé is a member of Alstom’s Executive Committee and Leadership Team, reporting to Henri Poupart-Lafarge, Alstom’s Chairman of the Board and CEO.
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The contract is valued at approximately $105 million and includes operations and dispatching as well as maintenance of the Innovia vehicle fleet, guideway, signaling system, and facilities.
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As previously announced, the headquarters of Alstom of the Americas will be based in Montréal, Québec.
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The agency will deploy 205 new SkyTrain cars for its Expo and Millennium Lines.
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Following positive progress on antitrust regulation process, the closing of the transaction is now expected for Q1 2021, subject to regulatory approvals and customary closing conditions, with an extraordinary shareholders’ meeting to be held in October.
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