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Alstom, Amtrak come to terms on $2.5 billion deal
Alstom, Amtrak come to terms on $2.5 billion deal
A $2.5 billion contract between Hornell's Alstom and Amtrak to build its new line of Acela high-speed trains has been secured with federal financing, paving the way for the creation of 400 jobs in Hornell. FILE PHOTO
By Jason Jordan
The Evening Tribune
Posted Jul. 25, 2016 at 11:02 AM
Updated Jul 25, 2016 at 11:57 AM
Hornell, N.Y.
HORNELL — On Monday morning, Senator Charles E. Schumer (D-NY) announced that the Amtrak Board of Directors are expected to vote this week to support finalization of negotiations with Alstom provide new Next Generation High-Speed trains for Amtrak's Acela Express service as part of a $2.5 billion program.
The contract is expected to create over 750 jobs, including 400 jobs directly at Alstom in Hornell, and an additional 350 or more across New York State at subcontracting companies.
Schumer announced that with his support, final federal financing approvals have been secured, clearing the way for execution of an agreement between Amtrak and Alstom.
A $2.5 billion contract between Hornell's Alstom and Amtrak to build its new line of Acela high-speed trains has been secured with federal financing, paving the way for the creation of 400 jobs in Hornell. FILE PHOTO
By Jason Jordan
The Evening Tribune
Posted Jul. 25, 2016 at 11:02 AM
Updated Jul 25, 2016 at 11:57 AM
Hornell, N.Y.
HORNELL — On Monday morning, Senator Charles E. Schumer (D-NY) announced that the Amtrak Board of Directors are expected to vote this week to support finalization of negotiations with Alstom provide new Next Generation High-Speed trains for Amtrak's Acela Express service as part of a $2.5 billion program.
The contract is expected to create over 750 jobs, including 400 jobs directly at Alstom in Hornell, and an additional 350 or more across New York State at subcontracting companies.
Schumer announced that with his support, final federal financing approvals have been secured, clearing the way for execution of an agreement between Amtrak and Alstom.
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