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ALSTOM wins €240 million contract for maintenance of Bucharest metro fleet

20/11/2003

Metrorex, the operator of the Bucharest metro, has awarded ALSTOM a 15-year contract worth €240 million for the maintenance of the metro's fleet, which currently comprises more than 400 cars.

To fulfil this long-term contract for full maintenance and service, ALSTOM will take over three Metrorex maintenance depots, a workshop and associated staff.

ALSTOM will upgrade the maintenance sites. Among other improvements, ALSTOM will install an information-technology system and bring the sites into compliance with current environmental regulations. Included in the project are training programs for safety, quality and management. The contract is to take effect in January 2004.

A signing ceremony took place in Paris at the Hotel Matignon, the residence of the French prime minister at 10:45 A.M. on November 20 in the presence of President Ion Iliescu of Romania and Prime Minister Jean-Pierre Raffarin of France.

Patrick Kron, Chairman & Chief Executive Officer of ALSTOM, said at the signing of the contract. “We are very pleased by this demonstration of confidence in ALSTOM. This long-term contract is very important for us, consolidating our track record in metro system maintenance. Furthermore, in establishing a long-term relationship with our new customer, Metrorex, we are proud to be contributing to the development of urban transport in Bucharest”.

Press relations:
Séverine Gagneraud/Gilles Tourvieille
Tel.: +33 (0)1 47 55 25 87/ 2315
internet.press@chq.alstom.com

Investor relations:
Emmanuelle Chatelain
Tel.: +33 (0)1 47 55 25 33
investor.relations@chq.alstom.com