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9/10/2009



Rail News: Passenger Rail

Updates from Alstom, Skanska, B.H.I.T and MATECH


• Ireland’s Railway Procurement Agency awarded Alstom a five-year extension of an infrastructure maintenance contract for Luas, Dublin’s light-rail system. The contract is worth more than $43.7 million for Alstom and partner Dalkia; Alstom’s share is $35 million. In other Alstom news: On Sept. 1, the company delivered the first of 37 Citadis trams to the Istanbul Metropolitan Municipality in Turkey. During the next several weeks, the tram will undergo a series of tests run by Ulasim, Istanbul’s urban transport operator, according to a prepared statement. The remaining trams will be delivered between late 2009 and mid-2010.

• Skanska AB received a $45.5 million contract to remodel Gdansk Station in Warsaw for the Polish Railway Administration. The project includes rehabbing track, demolishing four platforms and building two new ones, and constructing an underground walkway to the adjoining Gdansk subway station.

• B.H.I.T. Inc. acquired The Wood Energy Group Inc., a railroad tie reclamation/energy generation company, for $6.4 million. “We believe Wood Energy will be the first of a number of acquisitions for B.H.I.T. as we will continue to seek railroad support services companies that create economies of scale,” said B.H.I.T. Chairman, President and Chief Executive Officer Gary Marino in a prepared statement.

• MATECH Corp. appointed Tony Cataldo as co-executive chairman. He most recently served as chairman and CEO of VoIP Inc. Formerly Material Technologies Inc., MATECH is an engineering, research and development company specializing in technologies designed to measure microscopic fractures in metal structures and monitor metal fatigue. The company now is targeting companies and government agencies involved in metal highway and railroad bridge inspection.



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