COLAS (EPA:RE) - PR Colas - Colas Rail wins its first contract in Singapore
Transparency directive : regulatory news
15/07/2020 17:45
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PRESS RELEASEParis, July 15, 2020
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COLAS RAIL WINS ITS FIRST CONTRACT IN SINGAPORE
On June 5, 2020, Colas Rail, the Colas Group subsidiary specialized in
Railways, signed a contract with Singapore Land Transport Authority (LTA) to
replace the power supply assets for the Bukit-Panjang LRT. This contract is the
first ever secured by Colas Rail in Singapore.
Colas Rail will perform the design, supply, installation, testing and
commissioning of the Power Supply distribution of the Bukit-Panjang LRT Line.
The contract amounts to 63 million Singapore dollars (around EUR41 million).
This first contract in Singapore bears further witness to Colas Rail's
expertise in the construction and maintenance of metro infrastructure, and
strengthens its foothold in Asia.
"We would like to thank the Singapore Land Transport Authority, LTA, for their
confidence in Colas Rail's expertise and know-how. As a global player in rail
transport infrastructure, we are committed to making a contribution to a more
environmentally sustainable rail transport system", explains Mr. Hervé Le
Joliff, CEO of Colas Rail.
Colas (www.colas.com)
Colas, a subsidiary of the Bouygues Group, is a world leader whose mission is
to promote transport infrastructure solutions for sustainable mobility. With
57,000 employees in more than 50 countries on five continents, the Group
performs some 70,000 road construction and maintenance projects each year via
800 construction business units and 3,000 material production units.
In 2019, consolidated revenue at Colas totaled EUR13.7 billion (52% outside of
France). Net profit attributable to the Group amounted to EUR261 million.
For further information:
Delphine Lombard (tel.: +33 06 60 07 76 17) / Rémi Colin
(tel.: +33 7 60 78 25 74) contact-presse@colas.fr
Jean-Paul Jorro (tel.: +33 1 47 61 74 23) / Zorah Chaouche
(tel.: +33 1 47 61 74 36) contact-investors@colas.fr
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