Bombardier Receives $156 Million US Order from CBRail for 35 TRAXX Locomotives to Provide More Rolling Stock in Europe.MONTREAL -- 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. announced today that it will build 35 TRAXX locomotives for the European 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 leasing company CBRail. The order, which amounts to approximately $156 million US (130 million euros), comprises the production of 25 Electric multi-system locomotives and 10 Diesel-electric locomotives. The vehicles are scheduled to be delivered in 2007 and 2008. The contract also includes options for 70 additional locomotives. The vehicles, renowned for their superior reliability, will be manufactured in Bombardier's production facility in Kassel (Germany). The carbodies will be produced by Bombardier's site in Wroclaw (Poland), while the bogies will be supplied by the Siegen (Germany) facility. With this order, CBRail will expand its own locomotive fleet, which currently consists of 32 locomotives in mainland Europe, including eight existing TRAXX AC locomotives. This new order will enable CBRail to meet a wide variety of operator requirements for cross-border European operations from North to South or West to East, as well as the operation of services over non-electrified lines. "This order is another important step in the development of our TRAXX product and we are delighted to expand our relationship with CBRail", said Edmund Schlummer, President, Locomotives, Bombardier Transportation. He added: "With the development of our ultramodern multi-system locomotives, we move a step closer to borderless European rail transport of the future. The success of our new TRAXX DE is convincing proof that we were right to make diesel traction part of our platform strategy". The modular multi-system locomotive for intra-European goods transport is designed for both direct and alternating current and can be equipped with the different train safety systems that exist in Europe. All locomotives are equipped with the tried and tested MITRAC propulsion and control technology from Bombardier. The strategy applied to all locomotives in the TRAXX family, which consists of using a number of identical parts, is very advantageous for the customer. This makes the integration of new trains into existing fleets easily possible, and keeps the costs of usage and maintenance low. In addition, the TRAXX locomotives are known for their high level of availability and serviceability (system) serviceability - The ease with which corrective maintenance or preventative maintenance can be performed on a system (e.g. by a hardware service technician). Higher serviceability improves availability and reduces service cost. Serviceability is one component of RAS. over their entire life cycle. Over 750 of the locomotives based on the 185 Series have already been ordered and almost 400 are in daily use transporting goods and passengers throughout Europe. The CBRail joint venture established by Babcock & Brown (ASX ASX See: Australian Stock Exchange :BNB BNB Bed 'n Breakfast BNB Banco do Nordeste do Brasil (Brazil) BNB Banque Nationale de Belgique BNB Bulgarian National Bank BNB British National Bibliography BNB Bad News Bears (movie) ) and Bank of Scotland Bank of Scotland plc is a commercial and clearing bank, based in Edinburgh, Scotland. With a history dating to the 17th century, it is the oldest surviving bank in what is now the United Kingdom, and is the only commercial institution created by the Parliament of Scotland to is actively involved in the provision of operating leases Operating Lease A lease contract that allows the use of an asset, but does not convey rights similar to ownership of the asset. Notes: An operating lease is not capitalized it is accounted for as a rental expense. for freight and passenger rolling stock to European operators. This contract signifies another important step in its continuing development within the European rolling stock market and these locomotives will be offered on lease to operators across Europe. 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, 2005, were $15.8 billion US and its shares are traded on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (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. ). News and information are available at www.bombardier.com. Bombardier ,TRAXX and MITRAC are registered trademarks of Bombardier Inc. or its subsidiaries. BOMBARDIER TRANSPORTATION (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BBD.MV.A) (TSX:BBD.SV.B) |
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