Nearly $290M contract for DIA trains advances for city council consideration [Yahoo! Finance]
ALSTOM UNSP/ADR (ALSMY)
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Source: Yahoo! Finance
Airport leaders met with Denver City Council on Wednesday to ask for nearly $290 million to upgrade the system and keep it running. It's been an ongoing topic for months : DIA is upgrading its train system , and city council just gave the green light to the plan and its big price tag. Dave LaPorte is the chief operating officer of Denver International Airport. LaPorte and other leaders from the airport testified before city council, seeking $288.7 million for a contract with Alstom, the company that maintains and operates the tracks where trains run at the airport. “Those cars have about 1.6 million miles on them now, that really is very close to the end of their useful life and that is why we are replacing those,” LaPorte said. “We have 41 train cars and we have the track that has to be maintained every day. So, that is the maintenance side of the operations and maintenance contract. Alstom also operates the train for us. So they are the ones that are making sure the train is st
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