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    Siemens wins $54 million contract to extend Athens subway

    April 11, 2012
    Germany's Siemens AG won a contract worth €41 million ($54 million) to provide signaling and other technology for an extension of the Athens subway system. Siemens said the project — being 70 percent financed by European Union subsidies — includes ...

    Germany's Siemens AG won a contract worth €41 million ($54 million) to provide signaling and other technology for an extension of the Athens subway system.

    Siemens said the project — being 70 percent financed by European Union subsidies — includes partial automation of the trains. Lines 2 and 3 of the Athens metro are being extended by a total 10 miles, a plan that includes a link between the Greek capital's airport and the port of Piraeus. Details