Italy's rail technology group Ansaldo STS said that it has won a contract to supply signalling technology for a new railway line in Algeria worth 40 million euros ($53.57 million).
In a statement Ansaldo STS said the project was expected to last for 2.5 years.
In a separate statement, Ansaldo STS said it won a signalling contract for a high-speed rail line in France worth 13 million euros. ($1 = 0.7467 euros).
Source: http://www.reuters.com/article/2013/06/19/ansaldosts-algeria-idUSL5N0EV0P520130619
