2 July 2008
Invensys Rail Group awarded £100 million contract for Spanish high speed line
A consortium of Dimetronic, part of the Invensys Rail Group, and Thales has been awarded the contract for the Madrid-Valencia high speed line signalling and communications works by ADIF (the Spanish railway administrator). The scope of the contract includes the signalling system with electronic interlockings, track circuits, ERTMS Level 1 & 2 train protection system and the traffic control centre. It also includes the fixed telecommunications, auxiliary detectors, power supply, building construction and maintenance support for three years. Dimetronic will lead the consortium and will be directly responsible for the supply, installation, testing and commissioning of the ERTMS Level 1& 2 train protection system and the traffic control centre as well as a share of the maintenance activities.
The total value of the contract is €504 million with a delivery term of 27 months plus 36 months maintenance. Dimetronic's share of the contract is €126 million (£100 million at current exchange rates) for the core signalling as well as a share (approximately £15 million) of the maintenance work when this new high speed line becomes operational.
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Invensys plc |
Steve Devany |
tel: +44 (0) 20 7821 3758 |
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Annabel Michie |
tel: +44 (0) 20 7821 2121 |
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Financial Dynamics |
Andrew Lorenz |
tel: +44 (0) 20 7269 7121 |
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Richard Mountain |
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