Bombardier Role in $1.56 Billion Cdn Contract for Operation and Maintenance Services for the Massachusetts Bay Transportation Authority in the United States.Business Editors MONTREAL--(BUSINESS WIRE)--Feb. 25, 2003 Bombardier Transportation (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) is a member of Massachusetts Bay Commuter Railroad Company, LLC (MBCR MBCR Minimum Battery Cost Routing MBCR Massachusetts Bay Commuter Railroad Company, LLC MBCR Morgan Brook Christian Radio MBCR Mobility-Based Channel Reservation ), which was awarded a $1.56-billion Cdn ($1 billion US), 5-year services contract by the Massachusetts Bay Transportation Authority The Massachusetts Bay Transportation Authority (MBTA) is "a body politic and corporate, and a political subdivision" of the Commonwealth of Massachusetts [1] formed in 1964 to finance and operate most bus, subway, commuter rail and ferry systems in the greater (MBTA MBTA Massachusetts Bay Transportation Authority MBTA Migratory Bird Treaty Act of 1918 MBTA Model-Based Tracking Algorithm ). Under the contract MBCR will operate and maintain MBTA's fleet of 377 coaches, 80 locomotives and 38 work trains. During today's announcement, William Spurr, President of Bombardier Transportation, North America, said "This award, which encompasses one of the largest fleets of commuter rail vehicles in the U.S. and Canada, contributes to solidify our leadership position in the services area of our business. Bombardier already maintains two of the largest BiLevel commuter fleets in the U.S. and Canada plus some 3,000 vehicles in Europe, Asia and Africa." In addition to Bombardier, which has a 20% interest in MBCR, other members include Connex North America Inc. and Alternate Concepts Inc. (ACI). The three members have extensive experience in operating and maintaining passenger rail systems both in North America and abroad. In North America, Bombardier Transportation is the leader in high-speed rail, commuter rail, automated rapid transit and automated guideway transit Automated guideway transit (AGT) is a fully automated, grade-separated transit system in which rubber-tired vehicles are guided, usually by horizontally running guide wheels, on a guideway. 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, 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 (BBD, BOM and BBDd.F). |
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