Alstom S.A.ALO
Mentioned
Impact on assets 1
Industrials
Alstom S.A.Alstom S.A.Vingroup and Alstom have signed a rolling stock contract and a Technology License Agreement under which Alstom will transfer train manufacturing and assembly technology to Vietnam and supply a total of 200 Metropolis trainsets for Hanoi's urban rail projects. The first 83 trainsets will be designed and manufactured at Alstom's Valenciennes Petite-Forêt site in France, while Alstom will also provide technology, engineering expertise, tooling support and key components so that Vingroup can build local capability to manufacture and assemble the remaining 117 trainsets in Vietnam. All the trains are new-generation five-car sets with aluminium car bodies, wide-body interiors, fully automated driverless GoA4 operation and a braking system combining regenerative and disc brakes. Vingroup is general contractor for Hanoi's metro projects through its subsidiary Vinhomes, and under Hanoi's Capital Master Plan with a 2045 vision the city's urban rail network is planned to reach 979 kilometres across 18 lines, one of the largest urban rail development programmes in Southeast Asia. Alstom CEO Martin Sion called the agreement a major milestone in one of the fastest-growing mobility markets in the world, and Vingroup Vice Chairman and CEO Nguyen Viet Quang said next-generation transport infrastructure is a key area under the group's Infrastructure pillar.
Alstom S.A.