Hitachi, Alstom, Stadler win $5 billion contract to build trains for Trenitalia
Reuters
Published Jun 28, 2016 18:13
Hitachi, Alstom, Stadler win $5 billion contract to build trains for Trenitalia
ROME (Reuters) - Hitachi Rail Italy, France's Alstom and Swiss firm Stadler have won contracts worth a combined 4.5 billion euros (3.74 billion pound) to build trains for Trenitalia, the Italian train operator said on Tuesday.
Hitachi Rail Italy, born out of Hitachi's (T:6501) purchase of AnsaldoBreda from Finmeccanica (MI:SIFI) last year, won the biggest chunk of the contract, to build 300 trains.
A person familiar with the deal told Reuters that Hitachi's contract, consisting of trains with at least 450 seats, was worth about 3 billion euros. Trenitalia did not say how much it would pay each individual supplier.
Alstom (PA:ALSO) will build 150 medium-capacity trains, Trenitalia said in a statement. Stadler won the bid to build diesel-powered trains, but Trenitalia said it reserved the right to re-evaluate the Swiss firm's proposal.
Trenitalia is part of national railway operator Gruppo Ferrovie dello Stato
Canadian firm Bombardier (TO:BBDb), Spain's CAF (MC:CAF) and Hyundai (KS:011760) had also presented bids to build the trains.
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Written By: Reuters
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