Execution of PRASA project contributes to outstanding results

Railway sector services provider Alstom Group announced in its “outstanding” fiscal year 2016/17 results that trains reached €1.6-billon sales, with ongoing execution of the Passenger Rail Agency of South Africa (PRASA) project in South Africa among other deliveries of suburban, regional and high-speed trains in Europe, and tramway deliveries in Algeria. The ongoing PRASA projects include that of rail company Gibela – a consortium formed to replace South Africa's outdated rolling stock of which Alstom is a majority shareholder – which will deliver 600 passenger trains into the South African rail network over the next ten years.