Alstom loses $10 billion contract in victory for boycott campaign against companies aiding Israel

The BDS National Committee (BNC) has declared a long sought-after victory as Alstom lost the bid for the second phase of the Saudi Haramain Railway project, worth $10 billion US dollars, after pressure from the global Boycott, Divestment and Sanctions (BDS) campaign, including effective campaigning from the newly launched KARAMA, a European campaign to Keep Alstom Rail And Metro Away.

In 2008 the BNC, the largest Palestinian civil society coalition, with partners in Europe and Israel, launched the Derail Veolia and Alstom campaign, due to the two companies’ involvement in Israel’s illegal Jerusalem Light Rail (JLR) project, which explicitly aims to “Judaize Jerusalem,” according to official Israeli statements, by cementing Israel’s hold on the illegal colonial settlements built on occupied Palestinian land in and around Jerusalem. Since then, Veolia has lost more than $12B worth of contracts following boycott activism in Sweden, the UK, Ireland and elsewhere. Alstom, too, suffered substantial blows when the Swedish national pension fund AP7 excluded it from its investment portfolio, after having been excluded from the Dutch ASN Bank due to the company’s involvement in Israel’s occupation of Palestinian land, and has recently announced its intention to withdraw from the project. more

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