French power and transport engineering firm Alstom SA's (ALO.FR) consortium Alstom-TMH Tuesday finalized a EUR800 million contract with Kazakhstan Temir Zholy, or KTZ, the Kazakh railway company. French state secretary for foreign trade Pierre Lellouche and state secretary for transportation Thierry Mariani made it public, The Wall Street Journal reported.
Alstom-TMH is the consortium which includes Alstom and its Russian partner and railway equipment manufacturer, Transmashholding, or TMH. Alstom-TMH will supply KTZ with 295 fret and passenger transportation locomotives till 2019.
The contract, which was announced on Oct. 27, 2010, is worth EUR1.3 billion in total, EUR800 million being Alstom's share. The French government has awarded the contract a close to EUR1 billion guarantee to support French exports, Lellouche and Mariani said in the statement.
No further details were provided but Alstom had said in late 2010 that it planned to set up a joint-venture between KTZ and the Alstom-TMH consortium for these locomotives to be produced in Kazakh territory.
Late 2009, Alstom and Transmashholding participated in a tender issued by KTZ for the supply of 200 electric freight locomotives.