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Alstom SA's Joint Venture Secures Contract Worth ZAR51 Billion In South Africa

Monday, 14 Oct 2013 12:13pm EDT 

Passenger Rail Agency of South Africa (PRASA) announced that it has signed a contract with Gibela2 - a joint venture led by Alstom SA to supply 600 passenger trains (3 600 coaches) to be delivered between 2015 and 2025. The contract is worth ZAR51 billion and includes the construction of a local manufacturing facility. In addition to this contract, Gibela will provide technical support and supply of spare parts over an 18-year period. The contract was signed by PRASA Group CEO, Lucky Montana, Alstom Chairman and CEO Patrick Kron, and Henri Poupart-Lafarge, President of Alstom Transport. The programme will replace the ageing suburban trains in service in Pretoria, Johannesburg, Cape Town and Durban, with 1 200 electric trains over a period of 20 years. PRASA and Gibela will now proceed with the process of reaching financial close at the end of December 2013. 

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