Alstom Secures €1.03 Billion Deal for 153 Trains in Portugal’s Largest Rail Acquisition

Event summary

  • Alstom wins €1.03 billion contract to supply 153 Adessia Stream trains to Comboios de Portugal (CP), the largest rail acquisition in Portugal’s history.
  • Contract expands from initial 117 trains to 153, with accelerated delivery starting in 2029.
  • Alstom will establish a new 20,000 sqm manufacturing facility in Matosinhos, creating 300 direct jobs.
  • Trains feature improved accessibility, connectivity, and sustainability, with a 95% recyclability rate.

The big picture

This deal underscores Portugal’s push to modernize its rail infrastructure, aligning with broader European sustainability and mobility goals. Alstom’s strategic move to establish local manufacturing reinforces its commitment to capability building and job creation, while positioning it as a key player in the region’s rail sector. The €1.03 billion contract represents a significant win in a market increasingly focused on sustainable and accessible transportation solutions.

What we're watching

Execution Risk
Whether Alstom can meet the accelerated delivery schedule while maintaining quality standards.
Industrial Impact
The long-term effect of the new manufacturing facility on Portugal’s rail sector and local job market.
Market Expansion
How this deal positions Alstom in the broader European rail modernization market.