09 February 2010, 11:00 am

Ansaldo STS (STS.MI), through its subsidiary Ansaldo STS USA, has signed a contract for a new Communication Based Train Control (CBTC) system as part of its strategic alliance agreement with Zhejiang Zheda INSIGMA Group Company Ltd. (Insigma), based in Hangzhou, China.

The contract value is 16.4 million USD for Ansaldo STS.

The new contract is for the implementation of a CBTC system for the Hangzhou Metro Line 1 project in Hangzhou, P.R. China, one of the most important cities in the Yangtze River Delta.