Alstom Lands $321M Contract For French Metro Upgrade

Law360, New York (May 14, 2012, 5:47 PM EDT) -- The French city of Lille has picked power and infrastructure giant Alstom SA to revamp half of its two-line metro system in a project expected to cost more than €250 million (US$321 million), Alstom announced Friday.

Metropolitan regional planning organization Lille Metropole named Alstom the preferred bidder for the project, which aims to modernize part of Lille's nearly 30-year-old light rail system, according to Alstom's statement.

The company expects to finalize the project contract in June.

Under the contract, Alstom will provide 27 rubber-tired train sets...
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