Bombardier has Been Selected for the Supply and Associated Maintenance Of 180 Suburban Electrostars Worth $561 Million for Connex in the UK.Business Editors MONTREAL--(BUSINESS WIRE)--July 24, 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.TO)(TSX:BBD.B.TO) has been awarded a contract valued at $561 million Cdn (pounds sterling 227 million) for trains to be used by the UK train operator, Connex South Eastern Connex South Eastern was a train operating company in the United Kingdom. It was owned by the Connex Group and operated between 14 October 1996 and 9 November 2003. The company operated passenger services in South London and Kent. . This order includes the manufacture of 180 Suburban Electrostar cars adapted to the South London South London (known colloquially as South of the River) is the area of London south of the River Thames. Some neighbourhoods north of the Thames have South London postal codes (SW), but these neighbourhoods are classified as West or Central London. operation, valued at approximately $326 million Cdn (pounds sterling 132 million), and a 30-year maintenance agreement valued at $235 million Cdn (pounds sterling 95 million). The trains will be manufactured at Bombardier Transportation's production facility in Derby, UK and delivered as five-car units. Deliveries will commence July 2004 running through to December 2004. These additional units will mean that Connex will have enough carriages to ensure replacement of slam-door stock in line with government legislation. All maintenance work will be carried out by a Joint Venture company between Bombardier Transportation and Connex, South Eastern Train Maintenance Limited (SETML). Bombardier's share of the maintenance contract is for technical support and material supply. Connex will provide the workforce. Currently, plans are scheduled for the work to take place at Connex' Slade Green Coordinates: Slade Green is a place in the London Borough of Bexley. It is a suburban development situated 14 miles (22.5 km) east south-east of Charing Cross and lying south of the River Thames slightly to the west of the River Darenth and River depot in the South London area. Rik Dobbelaere, President, Intercity Trains, Bombardier Transportation, said: "This Suburban Electrostar is an exciting step forward for inner suburban style operations around highly populated pop·u·late tr.v. pop·u·lat·ed, pop·u·lat·ing, pop·u·lates 1. To supply with inhabitants, as by colonization; people. 2. cities. Being based on our popular and proven Electrostar design, it will mean that from a safety and reliability point of view, the trains will enter service smoothly and to schedule." This brings the total number of Electrostar derived products ordered by Connex to 618 cars. The initial contract was for 210 cars with a subsequent option taken for 228 cars. The new schedule adds a further 180 cars. The total number of Electrostar derived products ordered to date in the UK is now 1,614 cars, which includes 296 cars for c2c, 618 cars for Connex South Eastern and 700 cars for Govia's South Central franchise. Andrew Lezala, President, Services, Bombardier Transportation, said "We are delighted to have secured this contract, enabling us to continue our close partnership with Connex over this long-term contract." Bombardier has a major presence in the UK, employing close to 12,000 people across the country, of which 5,200 work for Bombardier Transportation. As well as manufacturing capability at the Derby and Wakefield sites, Bombardier Transportation has refurbishment, maintenance and overhaul centres at Crewe, Central Rivers, Chart Leacon, Ilford, Croydon and 13 other locations throughout the UK. 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 rail control systems. 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 The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. 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. 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). PHOTO AVAILABLE VIA OUR WEBSITE. |
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