Bombardier Receives a $88 Million Order for TGV Duplex in France.Business Editors MONTREAL--(BUSINESS WIRE)--Dec. 4, 2001 The consortium comprised of Bombardier Transportation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :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.)(TSE:BBD.B.) and Alstom Transport has received from the French National Railway Company (SNCF SNCF Société Nationale des Chemins de fer Français (French National Railways) SNCF Sans Nous les Cafés Ferment (French) ) an order for 18 TGV TGV: see railroad. Duplex trainsets. This order represents the exercise of options from a contract signed with the SNCF in October 2000. The total amount of this new order is $491 million Cdn (350 million euros), with Bombardier Transportation's share amounting to approximately $88 million Cdn (63 million euros). Bombardier will manufacture the two first-class vehicles, one second-class vehicle and six carrying bogies for each of the 10-car trainsets. Deliveries are scheduled to take place between March 2004 and March 2005. To date, Bombardier has contributed to the production of 259 TGV trainsets. Between 1985 and 1992, the company has equipped 105 TGV Atlantique trainsets, 30 two-current and 50 three-current TGV Reseau ré·seau or re·seau n. pl. réseaus or réseaux 1. A net or mesh foundation for lace. 2. Astronomy trainsets as well as 10 TGV Thalys trainsets. Since December 1993, Bombardier Transportation has taken part in the manufacture of 64 TGV Duplex trainsets. Bombardier Transportation in France carries out its activities at its Crespin site, in the Valenciennois region, where it employs more than 1,250 people. In the French market, Bombardier Transportation participates in all TGV programs and manufactures a wide range of rolling stock for public transport. Among these products are the MF 88 and MF 2000 vehicles for the Paris metro, the Strasbourg, Nantes and Saint-Etienne tramways, the Nancy and Caen trams-on-tires, recent vehicles for the RER RER Regione Emilia-Romagna RER Rough Endoplasmic Reticulum RER Respiratory Exchange Ratio RER Real Exchange Rate RER Réseau Express Régional (French commuter rail in Paris) RER Replication Error RER Rental Equipment Register network and the TER Third version. See bis. 2N NG regional transport railcars. In addition, Bombardier Transportation was recently selected by the SNCF to supply 500 high-capacity regional trains to the French Regions. Bombardier Transportation is the global leader in the rail equipment, manufacturing and servicing industry. Its wide range of products includes passenger rail cars and complete rail transportation systems. It also manufactures locomotives, freight cars, propulsion & controls and provides signaling equipment and systems. Bombardier Inc., a diversified manufacturing and service company, is a world leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized mo·tor·ize tr.v. mo·tor·ized, mo·tor·iz·ing, mo·tor·iz·es 1. To equip with a motor. 2. To supply with motor-driven vehicles. 3. To provide with automobiles. recreational products. It is also a provider of financial services and asset management. The Corporation employs 79,000 people in 24 countries in the Americas, Europe and Asia-Pacific and its revenues for its fiscal year ended Jan. 31, 2001 totalled $16.1 billion Cdn. PHOTO AVAILABLE VIA OUR WEBSITE |
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