Alstom anticipates completion of the project by the end of 2027. The contract is for $84 million.
The divestiture was part of the comprehensive company action plan that Alstom announced in November 2023, aiming at reinforcing its balance sheet.
The purchase continues to advance NJ TRANSIT’s plan to phase out the oldest single level railcars from the fleet.
The Mark V design features consist of five-car sets, all internally open-ended with walk-through carriages. They have mostly forward-facing seating and include more space for bikes, luggage, and leaning pads.
The transaction is part of the comprehensive company action plan that Alstom announced in November, aiming at reinforcing its leadership position in the rail industry.
The Authority will now solicit proposals from Alstom Transportation Inc., and Siemens Mobility Inc. — the two prequalified shortlisted firms announced in January.
Company officials discuss why they put out the report, findings, and much more.
WSMR is seeking to introduce direct connectivity to and from North Wales, Shropshire, the Midlands, and London that doesn’t exist today.
Thanks to a revised schedule, and an accelerated monthly delivery rate of new railcars, the project is expected to cost $394 million less than when the contract was awarded in 2012.
The identification of the shortlisted teams is a crucial step toward the release of the Request for Proposals and procurement of state-of-the-art electrified high-speed trainsets capable of operating at speeds up to 220 mph.
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