ComfortDelGro, the partners bid for the France metro projects, Companies & Markets

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Fri, Jun 19, 2020 – 8:34 AM

COMFORTDELGRO Corporation has entered into a cooperation agreement with RATP Dev and Alstom jointly bid for the Grand Paris Express (GPE) greenfield metro projects in France in the region ile-de-france.This is the transport group sets its sights on the expansion of its rail capabilities beyond Singapore.

RATP Dev is the international operating arm of French multimodal transport operator RATP Group, while Alstom is a French transport infrastructure of the company.

Together, the transport companies will submit bids for the next Lines 16 and 17 of the GPE project, which covers a total of 200 kilometers (km) of the automatic metro.

The EPG is a group of new lines of rapid transit to be built in the region of Île-de-France region of France. It ranks as one of the most important in Europe, said ComfortDelGro in a regulatory update on Friday.

The pre-screening of submissions for the EGU Lines 16 and 17 had closed on Thursday.

The transport group will participate in the offer through ComfortDelGro Transit Pte Ltd – a new set-up of the subsidiary.

ComfortDelGro chairman Lim Jit Poh called the move a “significant” step in the deepening of the group’s vision of expanding rail capacity beyond the Republic. The group has been operating light and heavy rail in Singapore for 17 years, amassing strong capabilities, he added.

“As a group, ComfortDelGro will continue to look for opportunities around the world, particularly in countries where we already operate as work for the growth of our rail portfolio,” Mr Lim said.

ComfortDelGro shares closed at S$1.62 on Thursday, down from S$ 0.03, or 1.8%.



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