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http://www.businessweek.com/news/2013-10-14/alstom-led-group-to-sign-south-african-order-for-3-600-coaches

Bloomberg News

Alstom-Led Group to Sign South African Order for 3,600 Coaches

October 14, 2013

A group led by Alstom SA (ALO) will sign a contract today to build 3,600 carriages for Passenger Rail Agency of South Africa in the decade through 2025, the agency said in an e-mailed statement.

South Africa is revamping its rail-passenger services to meet the needs of a growing population and replace trains that have been in use since the 1950s. The contract is a boon for Alstom, whose orders for the April-June period dropped 32 percent from a year earlier to 4.07 billion euros ($5.5 billion) because of falling demand for its thermal-power and rail equipment.

The Gibela consortium led by Levallois-Perret, France-based Alstom was last year named preferred bidder for a contract then valued at 51 billion rands ($5.14 billion). Alstom outbid six other companies, including Bombardier Inc. (BDRBF:US) from Canada and China CNR Corp. Ltd. The project will create 8,100 jobs in South Africa, the agency said in December.

To contact the reporters on this story: Francois de Beaupuy in Paris at fdebeaupuy@bloomberg.net; Kamlesh Bhuckory in Johannesburg at kbhuckory@bloomberg.net

To contact the editor responsible for this story: Simon Thiel at sthiel1@bloomberg.net


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