PARIS (Thomson Financial) - Alstom's contract to supply 25 new generation high-speed trains to Italy's Nuovo Trasporto Viaggatori (NTV) will be worth a total of 1.5 bln eur including a 30-year maintenance agreement, chief executive Patrick Kron told BFM radio.
In an earlier press release, Alstom had said the order for the trains themselves was worth 650 mln eur.
NTV, a group of Italian industrialists led by Luca Cordero di Montezemolo, chairman of Ferrari and Fiat, aims to launch Europe's first wholly private high-speed train service.
Kron also told BFM that Alstom has 'a record order book', which had 'exceeded 40 bln eur' at the end of 2007.
'It's considerable because it's two and a half years of sales. That gives us good visibility,' he said. tfn.paris@thomson.com gt/ak COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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