Alstom Secures €2 Billion Contract for New York Railcar Supply

07 Jul 2025 CW Team

French train manufacturer Alstom SA has secured a €2 billion (Rs 20.7 billion) contract from New York’s Metropolitan Transportation Authority (MTA) as part of the authority’s ongoing fleet modernisation efforts.

Alstom will supply M-9A railcars for the Long Island Rail Road and Metro-North Railroad, according to a statement released by the company on Friday.

Following the announcement, Alstom shares rose by as much as 1.4 per cent during early trading in Paris, valuing the company at approximately €8.9 billion. However, the stock remains down 11 per cent for the year.

The MTA approved the purchase last month for over 300 new railcars, with deliveries scheduled to commence in 2029. This capital investment forms part of a broader nearly $11 billion programme to introduce almost 2,000 modern carriages across New York’s commuter railway network, aiming to renew the trains and enhance reliability.

The new railcars will be manufactured in New York State and will feature modern amenities such as USB charging ports and automatic bathroom doors to improve accessibility across the lines.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..