Alstom says govt MoU for Morocco train deal could be signed next week UPDATE |
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Fri, 19 Oct 2007 18:10
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(adding context, further comments from AFP source)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 using TGV trains manufactured by 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 Moroccan 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.The source said an outline agreement will be signed on Monday but that the details of the project will be announced at a later date.Alstom CEO Patrick Kron and Anne-Marie Idrac, head of French rail operator SNCF, are to accompany Nicolas Sarkozy on his visit to Morocco.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.comgt/lam/gt/jfrCOPYRIGHTCopyright 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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Alstom says govt MoU for Morocco train deal could be signed next week 