Regions

French engineering group Alstom SA has won a 5.812 billion peso ($429.4 million) contract to modernize 85 trains used in the Mexico City metro system, the government of the Mexican capital said.

The contract to convert the brake systems on two train models in the city's metro network would be paid out by 2024, the Mexico City government said in a statement. The trains will also receive maintenance under the contract, it added.