ALSTOM & CAF awarded a 440-million Euro contract for
the supply and maintenance for RENFE

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These trains, which will have a speed of 250-270 Km/h, will
circulate on the Spanish High-Speed lines.

The new contract is worth a total of 440 million
euros, including maintenance of the new fleet over 14 years.
ALSTOM, as the consortium leader, will be responsible for
providing the traction system and 50% of the mechanical equipment
for these high-speed regional trains.

The new trains, which can carry up to 237
passengers, will cover distances of up to 250 km between major
cities. Delivery of the first trains will begin in 2003. Trains
will begin operational regional service in the same year. The
trains will be largely built in ALSTOM's industrial units in
Spain.

ALSTOM is the global specialist in energy and transport
infrastructure. The Company serves the energy market through its
activities in the fields of power generation, power transmission
and distribution, power conversion and electrical contracting and
the transport market through its activities in rail and marine.
ALSTOM today has annual sales in excess of 24 billion euros and
employs approximately 140,000 people worldwide.

Press contact:
Helen Connolly

Tel. +33 (0)1 41 66 91 43

helen.connolly@transport.alstom.com