Bombardier Receives an Order Worth $55 Million from Go Transit in Toronto.Business Editors MONTREAL--(BUSINESS WIRE)--Dec. 16, 2002 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) today announced that it received an order from the Greater Toronto Transit Authority (GO Transit GO Transit (AAR reporting marks GOT), officially known as the Greater Toronto Transit Authority (GTTA), is Canada's first, and Ontario's only, interregional public transit system, established to link Toronto with the surrounding regions of the Greater Toronto ) for the supply of a new-generation of 20 BiLevel(a) commuter rail vehicles Rail vehicles are vehicles capable of rolling on rail tracks. This includes:
"The Bombardier BiLevel vehicle developed in North America has become one of our flagship products because of its undisputed economical performance and shortest delivery schedule in the industry", said William Spurr, President of Bombardier Transportation, North America. On top of offering 70 per cent more capacity than single-level coaches, the BiLevel vehicles' maintenance costs are substantially lower as well. "This vehicle is a popular choice for today's commuter rail industry because it is one of the largest-capacity cars in the world designed for maximum commuter passenger comfort", added Spurr. GO Transit has ordered a vehicle configuration that is accessible to the physically challenged. Each vehicle offers total capacity of 378 passengers (133 seated and 245 standees) on two full decks and intermediate end decks. This unique design allows for higher ceilings and better seating, stairway and door positioning. The low-level platform doors let a full carload carload In commodities trading, a railroad car or truckload of grain that ranges from 1,400 to 2,500 bushels. of passengers on or off within 90 seconds, minimizing platform congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. , a key feature for GO Transit's popular commuter routes. These vehicles comply with Transport Canada's most recent regulations and are manufactured using Bombardier's latest platform design. The first Bombardier BiLevel vehicle, which was designed in collaboration with GO Transit, went into service in 1978. Since then, Bombardier has produced some 660 BiLevel cars, which are operated by different public transit authorities in North America, enhancing its features over time. The vehicles will be built at Bombardier's Thunder Bay, Ontario, manufacturing facility. Production will begin immediately and first deliveries are expected in late summer of 2003. 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, 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 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 80,000 people in 24 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2002 stood at $21.6 billion Cdn. Bombardier trades 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). (a) BiLevel is a Trade Mark of Bombardier Inc. PHOTO AVAILABLE VIA OUR WEBSITE |
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