Alstom Sees Opportunities in America After Montreal Rail Deal
- French trainmaker is scouting for opportunities in Canada
- CEO sees combination with Siemens being completed by end 2018
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Alstom SA’s 1.4-billion-euro ($1.7 billion) contract to build a driverless light-rail system in Montreal may usher in an active bidding period in Canada and across North America, the trainmaker’s chief executive said.
Alstom on Thursday confirmed the signing of the agreement with Caisse de Depot & Placement du Quebec, Canada’s second-biggest pension fund manager, which owns the project. Alstom’s partner on the deal -- which includes rolling stock, signaling, operations and maintenance -- is Montreal-based SNC-Lavalin Group Inc., Canada’s biggest engineering and construction company.