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

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The contract is performance-based with set objectives for
availability, cleanliness, productivity improvement and cost
reduction.

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 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.

Marius Lapadat, managing director of Metrorex, said: 'I am
very pleased to have signed this contract, which represents an
important development in the modernization of the maintenance
services of the Bucharest metro system.'

Patrick Kron, chairman and 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.'

Total TrainLife Management, ALSTOM's unique approach to
servicing rolling stock, ensures that customers benefit from
improved performance, reduced operating costs, enhanced value and
increased comfort and security for passengers. ALSTOM's
comprehensive service offer includes maintenance and parts
supply, renovation and retrofitting.

Among ALSTOM's successes in lifetime metro-train management
are two contracts covering 1,000 cars of the London Underground:
a 20-year maintenance program for the trains of the Northern Line
and a 10-year program of the Jubilee Line.

With more than 35 product lines and a presence in more than
60 countries, ALSTOM's Transport sector offers complete
products and services for new rolling stock, signaling, and
electrical and mechanical infrastructure as well as maintenance
and rehabilitation services to four distinct types of
customers: urban transit authorities and operators; intercity
passenger rail operators and rolling stock owners; rail freight
operators; and intercity railway infrastructure owners.
ALSTOM's Transport sector, with sales of
€5.1 billion in financial year 2002-2003, is among
the world's leading suppliers to the railway industry.

Press information:
Helen Connolly

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

helen.connolly@transport.alstom.com