China rail and power deals for Alstom
Alstom has signed major agreements in its two business areas of rail transport equipment and power generation during French President Jacques Chirac’s visit to China. .
Alstom has signed major agreements in its two business areas of rail transport equipment and power generation during French President Jacques Chirac’s visit to China.
These include the supply of 500 locomotives worth €300m and hydro-electricity generation equipment to the value of €100m.
Alstom signed a letter of intent with the Minister of the Chinese railways, M. Liu Zhijun, to manufacture the world’s most powerful electric freight locomotives. The overall value of this contract totals €1.2bn, with Alstom’s share worth €300m and its Chinese partner’s, Datong Electric Locomotives, some €900m.
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