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Financial close for €4bn South African train order

Discussion in 'On Track.' started by News, Apr 29, 2014.

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    PRASA (Passenger Rail Agency of South Africa) and the Alstom-led Gibela consortium have reached financial close on a €4 billion order for new commuter trains.

    Alstom, in partnership with Ubumbano Rail and New Africa Rail, is building 600 new X’Ttrapolis Mega trains for South Africa.

    The €4 billion includes the construction of a new manufacturing facility in Dunnottar and an 18-year maintenance contract.

    The first 20 trains will be built at Alstom’s Lapa plant in Brazil before the new site takes over production.

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    News, Apr 29, 2014
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