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Finmeccanica’s Ansaldo STS wins new order worth $680m in Riyadh

Saudi Arabia: Tuesday, July 30 - 2013 @ 12:48

The contract includes an option for a further sum of around $249m for the next 10 years of maintenance.

The winning consortium, organized by Ansaldo STS, is formed by Salini-Impregilo, Larsen & Toubro and Nesma for the civil works, Ansaldo STS for the technological part and Bombardier for the supply of vehicles. The consortium has been awarded works for a total investment of approximately $6bn, including the construction of two large stations landmark “Qasr Al Hokom” and “Western Station”.

In relation to its part of the contract, Ansaldo STS will be responsible for the entire technological integration of the signalling systems, ATC (Automation Train Control) and CBTC (Communication Based Train Control), the power system including the third rail, the Operational Control Centre, the telecommunications systems and the fitting out of the depots. The implementation phase is expected for five years.

Sergio De Luca, Chief Executive Officer of Ansaldo STS, commented, “The contract awarded is one of the most important in our history, and demonstrates the technological excellence achieved by the Company over the years. This new contract consolidates our presence in the Middle East market, and particularly in Saudi Arabia, where we have already built, in a very short time, the country’s first automated metro system, to serve the world’s largest university campus.”

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Tuesday, July 30- 2013 @ 12:48 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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