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Hyundai Rotem, Alstom vie for W1tr Cairo metro project
By Korea HeraldPublished : July 8, 2016 - 15:36
[THE INVESTOR] Hyundai Rotem, a train-making unit of Hyundai Motor Group, said on July 8 that it has become the final bidders together with France’s Alstom for Cairo’s 1 trillion won (US$860 million) train project.
If the company wins the bid finally, it will become its largest order secured this year. The winner has to supply a total of 510 electric locomotives to Cairo’s metro Line 3.
Even though Alstom is a potent competitor, Hyundai Rotem is confident of winning the deal.
If the company wins the bid finally, it will become its largest order secured this year. The winner has to supply a total of 510 electric locomotives to Cairo’s metro Line 3.
Even though Alstom is a potent competitor, Hyundai Rotem is confident of winning the deal.
The company had supplied 180 locomotives to Cairo’s metro Line 1, worth 376.4 billion won, in 2012.
The final supplier is expected to be announced in August or September.
If Hyundai Rotem wins the order, its total orders secured this year will exceed 2 trillion won.
By Lee Ji-yoon (jylee@heraldcorp.com">jylee@heraldcorp.com)
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