Alstom foresees rapid growth in China as cities with million-plus residents build metros
While 150 cities in China have more than a million inhabitants there are just 40 urban rail systems, leaving massive shortfall
French transport multinational Alstom, a key player in China’s rail system development, said China’s metro network had yet to keep up with fast-growing demand and the firm was betting on it for growth.
Alstom also helped Hong Kong build its first driverless subway train which launched last month.
“If you have a city with more than one million people, you need a metro system,” senior vice-president Asia-Pacific for Alstom Jean-Francois Beaudoin told the Post.
In China, there were about 150 cities with more than one million residents, but only about 40 cities had metro projects approved; “the market potential is huge,” he said.
Currently two-thirds of Alstom’s contracts in Asia by number are from projects in China.