Alstom Transport Preferred Bidder For French Regional Trains

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Dimanche 22 nov 2009 | 11:51:11

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Alstom Transport Preferred Bidder For French Regional Trains

AIX-PROVENCE -(Dow Jones)- Alstom Transport (ALO.FR) is the preferred bidder to supply state-owned Societe Nationale des Chemins de Fer with as many as 1,000 regional trains, Chief Executive Philippe Mellier told Dow Jones Newswires in an interview.
"We are in exclusive negotiations for this contract, which including options could reach as many as 1,000 trains over ten years," Mellier said on the sidelines of an economist conference in Aix-en-Provence, adding that the contract should be finalized by September.
Alstom was chosen over Canada's Bombardier (BBD.AT) by SNCF and French regional authorities to overhaul the country's local transport network. The company should provide around a hundred trains in the first firm tranche of the order.
Mellier denied press reports that the total order amounts to EUR15 billion, adding that it should be less. Still, "it would be a gigantic contract," he said.
-By Nathalie Boschat and Gabriele Parussini, Dow Jones Newswires; +33 6 1139 0445; nathalie.boschat@dowjones.com; gabriele. parussini@dowjones.com
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