Alstom awarded a turnkey metro project by the city of Riyadh in the Kingdom of Saudi Arabia

Alstom, as a member of the FAST consortium(1), has received a letter of award by the Riyadh Development Authority (ADA) to provide a complete automatic and driverless metro system to equip three of the six lines to be built by the city. The total value of this project, which is financed by the Government of Saudi Arabia through the Public Investment Fund, amounts to €6 billion of which Alstom’s share represents more than €1.2 billion. The project also includes also an option for 10 years of maintenance services. Contract signature should occur within 2 to 3 months. Full article // Source: Alstom.com