Bombardier to Supply an Additional 40 Metro Cars to Metronet Rail in the UK.MONTREAL -- 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. has been awarded a variation contract by Metronet Rail in the United Kingdom for an additional 40 metro cars for the new fleet which will operate on the London Underground The London Underground is an underground railway system - also known as a rapid transit system - that serves a large part of Greater London, United Kingdom and some neighbouring areas. It is the world's oldest underground system, and is one of the longest in terms of route length. . This takes the total number of cars ordered under this contract to 1,778. The value of the additional contract is approximately $70 million US (58 million euros) and also includes maintenance of the 40 cars until 2018. Bombardier will manufacture the additional cars at its plant in Derby, United Kingdom. This variation contract is in addition to the original contract awarded to Bombardier by Metronet in April 2003 worth approximately $6 billion US dollars (5 billion euros). The original contracts included project management services, the supply of 1,738 metro cars and new signalling systems for the Victoria line and sub-surface lines, plus maintenance of the new trains. About Bombardier A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2005 were $15.8 billion US and its shares are traded on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (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. ). News and information are available at www.bombardier.com. Notes to Editors 1. Working in partnership with London Underground, Metronet has taken over responsibility for upgrading, replacing and maintaining nine of the twelve lines on the entire network and will spend $30 billion US during its 30-year contract.Some $12 billion US of this will be spent during the first 7.5 years - on new trains, new track, new signalling and refurbished and modernised stations. 2. Metronet's shareholders consist of five world-class companies: Atkins, Balfour Beatty Balfour Beatty plc (LSE: BBY) is a British based construction and civil engineering company based in central London. It is the largest construction company in the UK, and the 15th largest in the world.[3] It is a constituent of the FTSE 250 Index. , Bombardier, EDF Energy, and RWE RWE Rot-Weiss Essen (Germann football club) RWE Ralph Waldo Emerson RWE Rheinisch-Westfälische Elektrizitätswerke (German Power Supplier) RWE Read Write Execute RWE Right Wing Extremist Thames Water. Metronet's business has a staff of some 4,500 people. BOMBARDIER TRANSPORTATION (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BBD.MV.A) (TSX:BBD.SV.B) |
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