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Alstom says govt MoU for Morocco train deal could be signed next week


Published :
Fri, 19 Oct 2007 16:16
By : Agencies
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PARIS (Thomson Financial) - An Alstom spokeswoman said there is a 'good chance' that a memorandum of understanding will be signed next week between France and Morocco to develop a high-speed link including orders for Alstom.

The spokeswoman said talks are continuing between the two countries.

Alstom was reacting to an earlier report from Agence France-Presse, which cited a source close to the matter as saying an agreement will be signed next week on the high-speed train project during a visit to Morocco by French president Nicolas Sarkozy.

French weekly l'Express reported on its website that the project is worth a total of 3 bln eur, including 1.8 bln for the first phase.

The project involves the development of a high-speed line between Tangiers and Marrakech, according to l'Express.

tfn.paris@thomson.com

gt/lam

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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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