Alstom, a provider of smart and sustainable mobility and Export Development Canada (EDC), Canada’s export credit agency, today announced the renewal for three years of their Sustainable Corporate Partnership agreement, originally established in 2023. The agreement provides a framework to support Canadian economic growth, export development for small- and medium-sized companies, and to advance low-carbon transportation solutions worldwide.
The renewed agreement, in place until 2029, reinforces a shared commitment to strengthening Canada’s position as a global hub for rail expertise and innovation, while enabling Alstom to expand low-carbon rail transportation in markets around the world with the support of EDC’s financial solutions, market intelligence, and global network. The partners aim to use export financing opportunities to support projects across both developed and emerging markets.
In addition, Alstom and EDC will explore opportunities to foster further investment by Alstom in Canada, support large-scale contracts that maximise Canadian content, such as high-speed rail; and contribute to Canadian economic growth by addressing working capital needs and scaling-up opportunities of local suppliers. The parties also agree to collaborate on initiatives that promote inclusion, diversity, and community impact, including Indigenous procurement.
Maninder Sidhu, Minister of International Trade shared, “Today’s partnership renewal between Alstom and Export Development Canada serves to reinforce Canada’s position as a global leader in low carbon rail innovation. By unlocking export opportunities and supporting Canadian suppliers, including Indigenous procurement, this agreement drives sustainable economic growth at home while bringing Canadian ingenuity and expertise to the world stage.”
