Intermoney| CAF informed the CNMV on Thursday that it has been chosen by the Italian operator ATM Milano for the supply of 105 electric buses. These are 18-metre Urbino articulated buses, which will be delivered in the first half of 2025. This contract is in addition to the one signed with the Sicilian company AMTS Catania for the delivery of another 42 electric buses. Specifically, the agreement covers the supply…
Intermoney: The company informed the CNMV (National Securities Market Commission) on Friday that it has been chosen by Mitsubishi as subcontractor for the design and supply of seven electrical units in the Philippines. Specifically, the units are for the new North-South commuter rail line that will connect Clark International Airport, northeast of Manila, with the province of Laguna in the south of the island of Luzon. The project is expected…
According to press reports, the Philippine Transport Authority has selected the alliance of CAF and Mitsubishi for the supply of 56 commuter trains for Manila for an amount of €150 M (1.2% of the current portfolio). The contract is still pending signature. Assessment: Positive news, although its impact is limited due to its insignificant size for the Company as a whole and because it is still pending signature.
Banc Sabadell : In the context of the new scenario of armed conflict in Israel, it should be noted that CAF (CAF) has two projects underway in the country. These are the Jerusalem light rail project and the Purple Line project of the Tel Aviv light rail, which together account for ~7% of the company’s portfolio. Assessment: News with a negative bias although with limited impact for now as the…
Link Securities| Construcciones y Auxiliar de Ferrocarriles (CAF) has been shortlisted alongside Alstom, Siemens and Stadler to win a €3.5 billion tender in Denmark for the delivery of 226 automatic trains for the Copenhagen suburban railway network. DSB, the Danish railway operator, said in a statement that the competitive process will now go ahead, with the aim that the contract will be awarded in H1 2025 and the new trains…
Renta 4| CAF has been awarded three contracts, two in Italy and one in Germany, for more than €150 million. Bologna has awarded Solaris the supply of 127 12-meter hydrogen buses. The contract provides for an extension for an additional 140 vehicles (34 units will be delivered in 2024 and the rest between 2025 and 2026). Venice has awarded Solaris the supply of 90 hydrogen buses (75 units of 12…
Intermoney| CAF (CAF) informed the CNMV on Friday that it has signed agreements with the German city of Duisburg and the Danish city of Aarhus to supply a total of 81 Solaris zero emission buses over the coming months, with a combined volume of approximately €50 million. The city of Duisburg has chosen Solaris to supply 25 Urbino hydrogen buses, 11 of the 12-metre version and 14 18-metre articulated vehicles,…
Link Securities | CAF informed the CNMV on Thursday that three Italian cities, Cagliari, Naples and Palermo have placed their trust in CAF to make decisive progress in their transformation towards sustainable urban mobility. The CAF Group will supply electric buses to Cagliari in Sardinia, metro units to Naples and trams to Palermo, the capital of Sicily. According to the company, these contracts confirm CAF’s strong value proposition as a…
Renta 4 | Adif has announced that it will start the second phase of the liberalisation of long-distance rail transport. The lines to be put out to tender are those to Murcia, Galicia, Extremadura, the Basque Country and Asturias. Renfe, Iryo, Ouigo, Eco Rail, Euskotren and FGC have already expressed interest in participating in this contract. One of the key points is that Adif will include in the tender the…
Link Securities| The railway manufacturer Construcciones y Auxiliares de Ferrocarriles (CAF), through its bus division Solaris, has applied as the main candidate to renew ATM Milano’s bus fleet, in a tender valued at €330 million and for which it will face competition from up to three different rivals, according to the newspaper elEconomista.es. The tender, which will be resolved in the coming weeks, according to sources involved in the process,…