Portuguese Government:
ANNOUNCES START OF CONSTRUCTION OF ALSTOM TRAIN FACTORY, IN PARTNERSHIP WITH DST, IN MATOSINHOS, PORTUGAL
FIRST TRAIN IS EXPECTED TO LEAVE NEW FACTORY IN 2029
NEW FACTORY TO ENABLE RENEWAL OF CP-COMBOIOS DE PORTUGAL FLEET AND STRENGTHENING OF CAPABILITIES WITHIN COUNTRY'S RAILWAY SECTOR
NEW MANUFACTURING FACILITY IS EXPECTED TO BE COMPLETED IN 2028, WITH CREATION OF AN ESTIMATED 300 DIRECT JOBS
NEW FACTORY IS PART OF CONTRACT UNDER WHICH CP IS BUYING 153 TRAINS FROM ALSTOM
CP CONTRACT WITH ALSTOM REPRESENTS AN INVESTMENT OF €1.06 BILLION