Alstom, Hitachi Get $2.6 Billion Contract for UK High Speed Trains
09 Dicembre 2021 - 12:55PM
Dow Jones News
By Cecilia Butini
Alstom SA and Hitachi Ltd have won a contract to build and
maintain high speed trains in the U.K. for almost 2 billion pounds,
or around $2.6 billion, the French train maker said Thursday.
The GBP1.97 billion contract, which was signed through the
Hitachi-Alstom High Speed joint venture, is for the first phase of
High Speed 2, a project to build a new high-speed railway in the
country.
The two companies will provide building, design and maintenance
of the trains, and their commitment also includes an initial
12-year maintenance contract, Alstom said.
The company said that the contract with High Speed 2 is expected
to create more than 2,500 jobs, plus a further 2,000 indirect jobs
to be created elsewhere in the U.K. economy.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
December 09, 2021 06:40 ET (11:40 GMT)
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