Alstom to deliver Avelia Horizon trains to Morocco under $845m contract [Yahoo! Finance]
ALSTOM UNSP/ADR (ALSMY)
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Source: Yahoo! Finance
Financed by the French Treasury, the deal is valued at €781m ($845m). The expansion of Morocco's high-speed rail network, with the addition of Alstom's Avelia Horizon trains, is expected to enhance connectivity for travellers between Tangier and Marrakech. The double-decker trains are designed to operate at speeds exceeding 300km/h, enabling the reduction of travel times while also minimising environmental impact. Avelia's design includes compact power cars and two-level articulated cars, providing operational flexibility and a better passenger experience. This new fleet will offer a more sustainable option for Morocco's rail infrastructure, aligning with global efforts to reduce carbon emissions, according to the company. The Avelia Horizon model is claimed to offer lower operating costs due to its reduced number of bogies, which typically represent 30% of maintenance expenses. Alstom has also stated that the train offers the highest seating capacity on the market, helpi
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