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Today, Ansaldo STS S.p.A. announced that the Ansaldo Honolulu Joint Venture, a consortium comprising Finmeccanica companies Ansaldo STS and AnsaldoBreda, signed a contract with the Honolulu Authority for Rapid Transportation (HART) to provide technology and supply vehicles for the city of Honolulu’s planned light-rail line.

The contract, which is worth $1.3 billion, is the largest in the company’s 150-year history, Ansaldo STS officials said in an announcement. The joint venture will design, build, operate and maintain the new 20-mile elevated line, which will feature 21 stations and connect East Kapolei with Ala Moana Center. HART governs the $5.5 billion Honolulu Rail Transit project.

Design and construction work is scheduled to take eight years to complete. The first stretch of track will be operated and maintained beginning in 2015; the joint venture will operate and maintain the entire line from 2019 to 2029, Ansaldo STS officials said.

Ansaldo STS’ share of the contract is $1.1 billion and AnsaldoBreda’s share totals about $200 million.