Bombardier Awarded Its Largest Ever Rail Contract: A $2.6-Billion Order in the United Kingdom.MONTREAL--(BUSINESS WIRE)--Dec. 9, 1998--Bombardier Transportation today received a CAN $2.6-billion (1.06 billion pounds) order from United Kingdom-based Virgin Rail Group. The order - the biggest rail transportation order Bombardier has ever been awarded - follows the announcement of March 3, 1998 when Bombardier was selected as preferred bidder for the supply and maintenance of new rolling stock rolling stock Any of various readily movable transportation equipment such as automobiles, locomotives, railroad cars, and trucks. Rolling stock generally makes good collateral for loans because the equipment is standardized and easily transportable among for Virgin Rail's CrossCountry services. The final order is for the design, supply and maintenance of 78 trainsets, comprised of 352 diesel electric cars, of which 216 cars will be equipped with Bombardier's tilt technology. Bombardier will not only provide maintenance services for the new trainsets but also for the existing CrossCountry fleet through the life of the Virgin Rail franchise. The franchise period runs through 2012, some 13 years and 3 months. The rolling stock accounts for approximately CAN $955 million (390 million pounds) and the maintenance portion represents about CAN $1.64 billion (670 million pounds). The 352 cars will be manufactured at Bombardier Transportation's facilities located in the United Kingdom, France and Belgium. Deliveries will begin in December 2000 and run through July 2002. Commenting on the award, Jean-Yves Leblanc, Bombardier Transportation Bombardier Transportation is the rail equipment division of the Bombardier group. Bombardier Transportation is the world’s largest company in the rail equipment manufacturing and servicing industry. Its headquarters are in Berlin. President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. said: "This order is of utmost importance for Bombardier as it confirms our strong market position as a manufacturer of passenger rail cars and supplier of maintenance services in the very strategic U.K. market. Employees in four of our 14 European plants will participate in the manufacturing of these rail cars. They will pool their know-how and expertise to best answer the needs of the passengers on the CrossCountry routes in the coming years." Mr. Leblanc added that he was "delighted with the outcome of final negotiations" underlining un·der·lin·ing n. 1. The act of drawing a line under; underscoring. 2. Emphasis or stress, as in instruction or argument. that "the decision to supply a homogeneous fleet rather than a mixed one will result in increased flexibility. The larger number of cars will also provide increased service for passengers and tilting technology, more comfort. Furthermore, the cost per seat is reduced." The original order called for the design and supply of 43 trainsets comprised of 4-car tilting diesel electric multiple units, 140 coaches and 36 locomotives This is a list of locomotives (classes, or individual locomotives) that currently have articles in Wikipedia.
Bombardier Transportation, a world leader in the manufacturing of passenger rail cars, is responsible for all Bombardier's operations in the field of rail transportation equipment. It offers a complete range of urban, suburban and intercity in·ter·cit·y adj. Relating to, involving, or connecting two or more cities: intercity rivalry; an intercity bus. Intercity Adjective trademark vehicles as well as turnkey rail transit systems worldwide. It also manufactures freight cars and provides operations and maintenance services. Bombardier Transportation is the leading supplier of passenger rail cars in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , where its activities are carried out by Mass Transit mass transit, public transportation systems designed to move large numbers of passengers. Types and Advantages Mass transit refers to municipal or regional public shared transportation, such as buses, streetcars, and ferries, open to all on a - North America and Transit Systems (Canada), Bombardier Transit Corporation (USA) and Concarril (Mexico). In Europe, Bombardier Transportation operates manufacturing facilities in Austria, Belgium, the Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. , France, Germany, Switzerland and the United Kingdom. Bombardier Inc. is a Canadian corporation, active in the fields of aerospace, rail transportation equipment, recreational products, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and services related to its products and core businesses. It operates plants in 11 countries in North America and Europe and more than 88% of its revenues are generated outside Canada. Bombardier's revenues for its fiscal year ended January 31, 1998 totaled $8.5 billion. A photo will be available on the following networks: The Canadian Press  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , AP Photo Express. a) exchange rate used for pound sterling on March 3, 1998: $2.3CAN a) exchange rate used for pound sterling on December 9, 1998: $2.45CAN |
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