News Release from Finmeccanica Nov 29, 2011

ROME: Finmeccanica: signed a contract worth USD 1,334 million for Honolulu driverless metro.

Finmeccanica, through its companies Ansaldo STS and AnsaldoBreda, has signed a contract worth USD 1,334 million (net of Hawaiian GET tax) with HART (Honolulu Authority for Rapid Transportation) to supply the technology and vehicles for the new driverless metro line for the city of Honolulu (State of Hawaii).

The contract, signed by Ansaldo Honolulu Joint Venture (consortium comprising Ansaldo STS and AnsaldoBreda), is for the design, construction, operation and maintenance of the new line for the city of Honolulu, which will be around 32 kilometers long and have 21 stations; Ansaldo STS’ share of the deal comes to USD 1,136 million and that of AnsaldoBreda to USD 198 million.

The design and construction work is scheduled to take eight years, with the first stretch of track being operated and maintained from 2015 onwards and the whole line from 2019 to 2029.

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