Siemens, Alstom Compete for Belgian Rail Contract, L’Echo Says
Siemens AG (SIE) and Alstom SA (ALO) will compete for a 1 billion-euro ($1.29 billion) Belgian railway contract to upgrade the country’s rail network with a new safety system that will prevent trains running a red light, L’Echo reported.
SNCB Holding (SNCVP), Belgium’s state-owned railway, will choose the successful bidder in June or July 2013 and aim to deploy the technology across the network by 2022, L’Echo said today, citing an unidentified spokesman for SNCB’s Infrabel unit. The contract is part of a 3.85-billion euro program to upgrade Belgium’s rail system following a 2010 collision between two trains that killed 19 people, L’Echo said.
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