Alstom and partners reach financial close for Israel's Haifa-Nazareth light rail project

Corporate Action
โดย GlobeNewswire·Read original
Summary · why it matters

Alstom and its consortium partners have reached financial close for the Haifa-Nazareth light rail project in Israel. The overall project is valued at approximately €2 billion, with Alstom's share at around €750 million, covering rail systems design, engineering, supply, integration, testing, commissioning, and long-term maintenance. The 41-kilometre line will connect Haifa, Nazareth, and surrounding communities through 20 stations, serving about 100,000 passengers daily. The consortium includes Electra Ltd. and Minrav Ltd., which will handle civil and infrastructure works, while a joint venture of Electra Afikim, Minrav, and Alstom will manage operations and maintenance. Financial close enables full-scale execution of one of Israel's largest public transportation initiatives.

Impact on stocks 1

Industrials▲ · 1 stocks
Alstom S.A.
ALO
▲ PositiveDemandrelevance

Alstom secures €750M contract for rail systems and maintenance on Haifa-Nazareth light rail project.

Off-coverage companies 3

Electra LtdPrivate▲ Positive
Demandrelevance

Electra Ltd. handles civil and infrastructure works as part of consortium for the project.

Electra AfikimPrivate▲ Positive
Demandrelevance

Electra Afikim participates in operations and maintenance joint venture for the project.

Minrav Group LtdPrivate▲ Positive
Demandrelevance

Minrav Group handles civil works and participates in O&M joint venture for the project.

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