RENFE awards ALSTOM-CAF consortium two orders for a total value of over 1.7 billion

RENFE, the Spanish national railway company, has notified a
consortium of ALSTOM and CAF of the award of an order worth 1777million
for the supply (937 million) and maintenance (840 million) of 30
high-speed trains (shuttle) and 45 high-speed trains (variable gauge).

ALSTOM
leads the consortium for the supply and maintenance of 30 trains
(shuttle) and its participation in the order is 476 million. It also
participates in the mechanical construction, electric equipment supply
and maintenance of the 45 variable gauge units, worth 551 million.
ALSTOMs total share of these contracts, including maintenance, is 1027
million.

Contractual details remain to be finalized before
signature, and ALSTOM intends to book the order in the coming financial
year which will start the 1st April 2004.

The shuttle trains,
which will have a top speed of 250 kph, will reinforce RENFEs fleet for
intercity shuttle service for the high-speed lines.

The
high-speed trains with variable gauge, which will have a top speed of
250 kph, are destined for regional services and will be able to run on
two different gauges.

ALSTOMs Santa Perpetua plant and CAFs
Beasain and Zaragoza plants will share the work of building body shells
and assembling the trainsets.

ALSTOM-CAF will also provide comprehensive maintenance services for a 14-year period.

Delivery
of the shuttle trains is scheduled to begin in October 2006, with the
first trains entering service in April 2007. The final delivery is
scheduled for January 2008.

Delivery of the variable gauge high-speed trains will begin in October 2006 and end in May 2009.

Philippe
Mellier, President of ALSTOM Transport, said: Were pleased that RENFE
has chosen ALSTOM again for its high-speed intercity service, just as
were delivering the first units of the previous contract for these
trains that are in test and that will enter into commercial service
during the year. I would like to underline that since the entry into
service of the Madrid-Lleida line, high-speed trains built and
maintained by ALSTOM have been operating with nearly100% punctuality.
This order once again confirms RENFEs confidence in ALSTOMs high-speed
equipment and indeed our overall leadership in this segment.

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