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Indiaexportnews.com

Ansaldo STS signed agreements in China for about 37 mil Euro

  12.06.2014    

During the Business Forum Italy / China underway in Beijing, Mauro Moretti, CEO and General Manager of Finmeccanica, has signed agreements on behalf of Ansaldo STS (a Finmeccanica Company), for a total value of about 37 mil Euro.
The ceremony took place in the presence of the Italian Prime Minister, Matteo Renzi and the Prime Minister of China's State Council, Li Keqiang.
The agreement is between Ansaldo STS, a Finmeccanica company, and United Mechanical and Electrical Co. Ltd. for the execution of four projects (Line 4 Hangzhou, Dalian extension lines 1-2, Shenyang Line 1, Xi 'n Line 2) concerning the implementation of signaling CBTC systems.
The companies have also signed a Memorandum of Understanding under which the Chinese side agrees to negotiate contracts for other two projects (Chengdu Lines 1-2 and Wenzhou Line S1).



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