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Investing.com -- Alstom (EPA:ALSO) shares jumped more than 7% Tuesday after the French train manufacturer on Monday announced a €1.7 billion order to supply 96 additional RER NG trainsets for the Paris region’s RER D line.
The contract, which was formalized by SNCF Voyageurs, follows a financing agreement approved by the Île-de-France Mobilités Board of Directors on April 10, Alstom said in a statement.
The order is fully financed by Île-de-France Mobilités and adds to previous purchases under a 2017 framework agreement between Alstom and SNCF Voyageurs.
With this latest order, a total of 262 RER NG trainsets have now been ordered for the RER E and RER D lines.
That includes 130 trainsets, each 112 meters long, for the RER E line and 132 trainsets, each 130 meters long, for the RER D line, according to the company.
The RER NG, or New Generation RER, is double-decker rolling stock designed to improve passenger capacity and accessibility on the RER D and RER E lines, which are operated by Transilien SNCF Voyageurs for Île-de-France Mobilités.
Each seven-car RER D trainset measures 130 meters in length and offers 1,861 places, including 606 seats.
The trains feature open “boa” architecture, wide doors, level platforms for wheelchair access in the end cars, air conditioning, LED lighting, USB sockets, 54 information screens, and 54 surveillance cameras, Alstom said.
The new trains are assembled at Alstom’s Valenciennes-Petite Forêt and Crespin sites in northern France, with additional components manufactured at sites across the country, including Ornans, Tarbes, Le Creusot, Petit-Quevilly, Villeurbanne and Saint-Ouen, as per the statement.