Finmeccanica wins €541m contract in Libya
22 July 2009 - Finmeccanica has
won an important new order worth €541m in Libya through its
subsidiary Ansaldo STS. The contract is for rail signalling,
telecommunications and power supply systems for the coastal line
from Ras Ajdir to Sirt and the inland line from Al-Hisha to Sabha.
It will cover around 1,450 km of line in total.
The agreement was signed in Tripoli
today, in the presence of the Chairman and CEO of Finmeccanica Pier
Francesco Guarguaglini, the Libyan Transport Minister Muhammad Ali
Zidane, the Italian Undersecretary of State for Foreign Affairs On.
Stefania Craxi, the Chairman of Libyan Railroads Said Mohammed
Rashid and the CEO of Ansaldo STS Sergio De Luca. Also present at
the event were the CEO of Ferrovie dello Stato Mauro Moretti, the
Italian Ambassador in Libya Francesco Trupiano and the Ambassador
of Libya in Italy Abdulhafed Gaddur. This deal means that
Finmeccanica becomes the main partner of Libyan Railroads for the
building of the new national rail network.
Chairman and CEO of Finmeccanica Pier
Francesco Guarguaglini commented: “Signing this contract should
open up important industrial and commercial opportunities for our
Group in the railways sector. Finmeccanica’s technological
excellence in transport, security and energy is an important
opportunity for a rapidly developing Country that has recently
finalised a strategic contract with Italy”.
The Libyan railways project will entail
the application of the most advanced technology in the field, such
as ERTMS/ETCS supplied by Ansaldo STS, and GSM-R, provided by SELEX
Communications.
For further information, please contact
Andrew
Taylor.