Bombardier Awarded a US $320 Million Contract for a Fully Automated Rapid Transit System in South Korea.MONTREAL -- The Yong-In LRT LRT Light-Rail Transit LRT Likelihood Ratio Test LRT Light Rapid Transit LRT Lower Respiratory Tract LRT Lehrstuhl für Raumfahrttechnik LRT Long Range Transportation LRT Light Railway Transit LRT London Regional Transport LRT Loving Relationships Training Consortium, of which 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. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BBD BBD In currencies, this is the abbreviation for the Barbados Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. .A) (TSX:BBD.B) is the lead member, has been awarded a 35-year Build-Transfer-Operate (BTO BTO British Trust for Ornithology BTO Business Technology Optimization BTO Bachman Turner Overdrive (band) BTO Business Transformation Outsourcing BTO Build-Transfer-Operate BTO Brutto (German: Gross [quantity]) ) concession contract by the City of Yong-In, Republic of Korea, for a fully automated 18.5-km rapid transit rapid transit, transportation system designed to allow passenger travel within or throughout an urban area, usually employing surface, elevated, or underground railway systems or some combination of these. system. The Yong-In LRT Consortium comprises Bombardier and Korean civil works contractors Daelim Industrial Co., Ltd., Hanil Engineering and Construction Co., Ltd., and Korea Development Co., as well as Korean electrical & mechanical system contractors Hanjin Heavy Industries Co. and Iljin Electric Co. The contract for the 5-year design-build portion of the concession contract is valued at approximately US $600 million. Bombardier's share of the design-build contract is approximately US $200 million. The separate Operations and Maintenance (O&M) contract, awarded solely to Bombardier, carries a value of approximately US $120 million for the first 10 years. Should all four 5-year options for operations and maintenance services be realized, the value of the O&M contract would increase by approximately US $294 million. The mostly elevated system will feature Bombardier's driverless, Advanced Rapid Transit (ART) technology, thoroughly proven in over 60 years of combined operations For the department of the British War Office during World War II, see . In the military, combined operations are operations conducted by forces of two or more allied nations acting together for the accomplishment of a single mission. See also
Raymond T. Betler, President of Bombardier Transportation's Total Transit Systems, said, "Bombardier is very proud to be part of the City Government's vision for the future of this historical City, which is rich in tradition and cultural heritage. He added, "we are confident that our Advanced Rapid Transit technology The technology of rapid transit has changed over the years: Train size and motive power Some urban rail lines are built to the full size of main-line railways; others use smaller tunnels, restricting the size and sometimes the shape of the trains (in the London Underground the will accelerate the dynamic development of the City of Yong-In, and will harmonize with the region's pristine natural environment." Bombardier is the world leader in designing and supplying automated rapid transit systems This is an alphabetical list of cities worldwide that have a rapid transit system, or a light-rail system with some elements of rapid transit. Such systems are commonly called metros, subways, elevated railways, heavy rail, rapid rail, or underground railways; see passenger rail , monorails and people movers for urban and airport applications. Its driverless ART technology offers unprecedented system reliability. Successfully deployed ART systems include Vancouver SkyTrain(ii), the longest driverless system in the world; New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of City's 13-km AirTrain JFK(ii), where Bombardier is providing up to 15 years of operations and maintenance services; and Malaysia's 29-km Kuala Lumpur LRT System 2, averaging over 160,000 passengers per day with a total fleet of 70 ART vehicles. In Yong-In, Bombardier will be responsible for the design and supply of 30 driverless ART vehicles, Bombardier(i) CITYFLO(i) 650 automatic train control technology, communications systems, project management, systems engineering and integration, testing and commissioning, as well as operations and maintenance services and training of Korean personnel. Bombardier will lead the integration of the scope of work with Daelim Industrial Co., Ltd., who will be the co-lead for the design-build portion of the contract. The consortium of civil contractors will be responsible for the civil works, including the guideway and stations. About Bombardier A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2004 were $15.5 billion US and its shares are traded on the Toronto, Brussels and Frankfurt stock exchanges Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. (BBD, BOM and BBDd.F). News and information are available at www.bombardier.com. (i) Trademark(s) of Bombardier Inc. or its subsidiaries (ii) Trademarks of third parties NOTE TO EDITORS: A photo is available on our Website at the following address: www.transportation.bombardier.com/photography.jsp |
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