Bombardier Presents New Look for Metro Cars on London's Victoria Line.

MONTREAL -- Bombardier Transportation (TSX:BBD.A) (TSX:BBD.B) presented today for the first time its design for the future MOVIA vehicles for Metronet Rail, destined for London Underground's Victoria line. The new look for the 376 modern metro cars from Bombardier, which are scheduled to begin passenger service on the Victoria Line in 2009, features a comfortable interior, elegant lines and an attractive colour scheme.

The production of 47 eight-car Bombardier MOVIA underground trains for the British capital forms part of contracts worth some 6.1 billion US dollars (5 billion euros), awarded to Bombardier in April 2003. The new cars are part of the huge rolling stock upgrade and replacement programme being undertaken by Metronet, the company responsible for revitalising two thirds of London's underground rail system. Bombardier's contracts include project management services, the supply of 1,738 metro cars and new signalling systems for the Victoria Line and sub-surface lines, plus maintenance of the new rolling stock.

"We're on schedule," said TC Chew, President, London Underground Projects, Bombardier Transportation, "and with the completion of the design phase of the modern MOVIA trains, we can finalise our engineering solution." This means that the production of two pre-production trains will begin in January 2005 and the first train will be completed by mid-2006. After that, the vehicle will be subjected to thorough testing at Bombardier's UK production facility in Derby, before entering another test phase at the end of 2006 on the London Underground network.

In early 2008, the two trains will undergo the ultimate test in London under normal operating conditions, before they are finally released for passenger services the following year. "The Victoria line is now 40 years old and the major upgrade now started is the first to be undertaken by Metronet and its partners. The new trains will provide a faster, more comfortable and more reliable service for people in London," explained Andy Cooper, Managing Director, Metronet Rail BCV Ltd.

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 (BBD, BOM and BBDd.F). News and information are available at www.bombardier.com.

Note to Editors

A photo is available on our Website at the following address: http://www.transportation.bombardier.com/photography.jsp

Bombardier and MOVIA are trademarks of Bombardier Inc. or its subsidiaries

Notes:

1. Working in partnership with London Underground, Metronet has taken over responsibility for upgrading, replacing and maintaining nine of the twelve lines on the entire network and will spend Pounds Sterling 17 billion during its 30-year contract. Some Pounds Sterling 7 billion of this will be spent during the first 7.5 years - on new trains, new track, new signalling and refurbished and modernised stations.

2. Metronet's shareholders consist of five world-class companies: Atkins, Balfour Beatty, Bombardier, EDF Energy, and RWE Thames Water. Metronet's business has a staff of some 5,000 people.

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