AnsaldoBreda and Chinese partner
sign MoU with Chongqing Rail Transit General Corporation
relating to development of the Chongqing metro system
Under the MoU, agreement
signed to provide electrical technology for metro trains of the
city
6 July 2009 - During China’s
institutional and industrial delegation to Rome, AnsaldoBreda, a
Finmeccanica company, and the Chinese partner Chongqing
Chuanyi Automation Corporation, today signed a Memorandum of
Understanding with Chongqing Rail Transit General Corporation
relating to programmes to develop metro trains for the Chongqing
city metro. Over the next few years, a metro system comprising ten
lines will be built in the city.
Under the programme, AnsaldoBreda and
Chongqing Chuanyi Automation Corporation have won an initial
contract with Chongqing Rail Transit General Corporation to supply
electrical technology for 29 trains for line 1 of the Chongqing
metro. The agreement will be finalised by this summer, and is worth
€30m, of which AnsaldoBreda’s share is around €15m.
The Memorandum of Understanding signed
today will further strengthen Finmeccanica’s relationship with the
Chinese city, following the framework agreement signed in 2007,
under which the Finmeccanica Group is strongly committed to
supporting the municipality of Chongqing with state-of-the-art
technology in the civil sector.
For further information, please contact
Andrew
Taylor.