Bombardier Receives $60 Million Commuter Rail Car Order From Montreal's Agence Metropolitaine de Transport.

Business Editors

MONTREAL--(BUSINESS WIRE)--Sept. 19, 2003

Bombardier Transportation announced today that it received a $60 million Cdn ($44 million US) order from Montreal's Agence Metropolitaine de Transport (AMT) to design and manufacture 22 Bombardier(i) BiLevel(i) commuter rail cars for the region's Montreal / Dorion-Rigaud line. Delivery of the cars is expected to take place in the last half of 2004.

"The BiLevel car is the design of choice for transportation authorities in Canada and the United States, with more than 700 cars in successful operation in 10 cities around the continent," said William Spurr, president, Bombardier Transportation, North America. "Bombardier Transportation is proud that citizens from the greater Montreal area will benefit from our service-proven BiLevel technology, which represents a safe, cost-effective and comfortable commuter rail solution."

Bombardier's BiLevel car is in service with transit authorities serving commuters in Los Angeles, Seattle, Toronto, Miami, Vancouver, Dallas/Fort Worth, San Diego, San Francisco-San Jose, Virginia-Washington, D.C. and Stockton, California. The car is a multi-deck commuter rail vehicle that offers:

-- a demonstrated track record of successful service

-- superior passenger capacity

-- facilitated passenger access

-- full compliance with the latest safety standards and

requirements

-- a cost-effective commuter rail solution fitting the AMT's

specific requirements

The aluminum BiLevel cars offer two main levels of passenger seating with a smaller intermediate level at each end. The design provides 70% more passenger area than single-level rail cars within a similar length and up to 30% savings in operating costs. The cars to be provided to the AMT will have 150 seats and standing room accommodations for up to 215 additional passengers.

Carbodies for the BiLevel cars will be manufactured at Bombardier Transportation's Thunder Bay manufacturing facility. Final assembly and commissioning of the cars will be completed by CAD Railway Services in the Montreal borough of Lachine. Bombardier expects it will provide business to some 35 Quebec suppliers as part of this contract.

In North America, Bombardier Transportation is the leader in high-speed rail, commuter rail, automated rapid transit and automated guideway transit systems.

Bombardier Transportation is the global leader in the rail equipment manufacturing and servicing industry. Its wide range of products includes passenger rail cars and total transit systems. It also manufactures locomotives, freight cars, propulsion & controls and provides rail control solutions.

Bombardier Inc., a diversified manufacturing and services company, is a world-leading manufacturer of business jets, regional aircraft and rail transportation equipment. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montreal, Canada, the Corporation has a workforce of some 75,000 people and manufacturing facilities in 25 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended January 31, 2003 stood at $23.7 billion Cdn. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).

BACKGROUNDER

Bombardier(i) BiLevel(i) Commuter Cars for AMT

The Agence Metropolitaine de Transport (AMT) has selected Bombardier Transportation to provide 22 BiLevel commuter cars for service on its Montreal / Dorion-Rigaud line.

A photo of Bombardier BiLevel is available on CCNMatthews' Web Site at the following address: http://www2.cdn-news.com/database/fax/2000/bbd0919.gif

The aluminum carbody of the Bombardier BiLevel cars has two main levels of passenger seating with a smaller intermediate level at each end. This design provides 70 percent more passenger area within the length of a single-level rail car and up to a 30-percent saving in operating costs. For this reason, BiLevel commuter rail cars offer AMT a significant increase in the capacity of the Montreal / Dorion-Rigaud line without the need to increase station platform lengths.

The BiLevel car's architecture provides both high passenger capacity and superior ease of access. Two double-wide doors on each side of the lower level provide quick and easy access to the cars, and the wide aisle ways and stairs facilitate passenger flow within the cars. The cars to be provided to AMT will have 150 seats and can accommodate up to 215 additional standing passengers.

The Bombardier BiLevel commuter car is the design chosen by more transportation authorities than any other in North America. More than 700 BiLevel cars are in daily service at ten different commuter rail authorities in the United States and Canada. BiLevel commuter cars are proven in service in a wide variety of operating climates and conditions. Commuter rail services using BiLevel technology include GO Transit in Toronto, Metrolink in Los Angeles, Sound Transit in Seattle, West Coast Express in Vancouver, Coaster in San Diego, the South Florida Regional Transportation Authority in Miami, Trinity Railway Express in the Dallas-Fort Worth area, Altamont Commuter Express out of Stockton, California, the Peninsula Commuter Service between San Jose and San Francisco, and the Virginia Railway Express into Washington DC.

Bombardier BiLevel commuter rail cars include up-to-date design improvements that ensure compliance with the latest regulatory and industry requirements, including those of Transport Canada, the U.S. Federal Railroad Administration and the American Public Transportation Association.

Four of the BiLevel cars to be provided to the AMT will be "cab cars" which are equipped with a driver's cab. When placed on the end of the train opposite the locomotive, these cars can be used to control the locomotive from back of the train. On return trips, the driver simply transfers controls from the locomotive to the remote location in the BiLevel cab car at the back of the train and operates the train from there. Cab cars eliminate the need to turn entire trains around for return trips, making equipment available faster and improving operating efficiency.

The BiLevel commuter car's spacious interiors are heated and air conditioned. Ride comfort is enhanced by a pneumatic suspension that supports the car on large air springs.

Aluminum car bodies for the BiLevel vehicles are constructed at Bombardier's manufacturing facilities in Thunder Bay, Ontario. Final assembly and commissioning of the AMT cars will be completed in the Montreal borough of Lachine by CAD Railway Services. CAD will increase its workforce for this project from the experienced labor pool that exists in Montreal today.

(i) Trademark of Bombardier Inc. and /or its subsidiaries