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Thursday 25 July, 2002

Alstom

Re Contract

Alstom
25 July 2002



     ALSTOM CHOSEN TO SUPPLY NEW COMMUTER TRAINS FOR VALPARAISO IN CHILE

MERVAL (Metro Regional de Valparaiso) has awarded ALSTOM a contract worth more
than 85 million euro in net present value for the supply and maintenance of
commuter trains. These trains will operate on the existing 43-kilometre line
which links Valparaiso, Vina del Mar and Limache. The investment comes within
the frame of the 'Cuarta Etapa' project, which aims to improve the area's
infrastructure and level of public transport by rehabilitating the existing
MERVAL line and acquiring new rolling stock.

For this contract, MERVAL has opted for X'TRAPOLIS(TM) trains, similar to those
presently delivered to the Hill side network in Melbourne (Australia). The basic
configuration consists of 28 two-car trains with a capacity of 392 passengers*
able to operate at speeds up to 120 km/h. ALSTOM will also be responsible for
the maintenance of the trains and workshops.

The trains will be manufactured in ALSTOM's factories in Europe, and notably the
La Rochelle plant in France. Deliveries are expected to start in March 2005, and
commercial operation is scheduled to start in autumn of the same year.

Michel Moreau, President of ALSTOM's Transport Sector, said: 'Our long 
experience in the supply of rolling stock and maintenance services to transit 
equipment, not only in Chile but also world-wide, provides us with a sound basis 
for a successful long-term partnership with MERVAL. We are pleased to 
participate in Chile's program of modernisation of its mass transit network.'

*4 passengers/m2


ALSTOM is the global specialist in energy and transport infrastructure. The
Company serves the energy market through its activities in the fields of power
generation and power transmission and distribution, and the transport market
through its activities in rail and marine. In fiscal year 2001/02, ALSTOM had
annual sales in excess of €23 billion and employed 118,000 people in over 70
countries. 

ALSTOM is listed on the Paris, London and New York stock exchanges.

ALSTOM's Transport Sector, with annual sales of €4.4 billion, is an
internationally leading supplier of rolling stock, information systems, services
and complete turnkey systems to the rail industry.


Press enquiries:    S. Gagneraud / G. Tourvieille
                    (Tel. +33 1 47 55 25 87) - [email protected] 

Investor relations: E. Rocolle-Teyssier
                    (Tel. +33 1 47 55 21 70) - [email protected] 
                    internet: www.alstom.com



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