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Gold/Mining/Energy : Bombardier, maker of planes and trains and other things

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To: Gilbert Drapeau who wrote (850)1/25/2001 10:52:29 AM
From: Gilbert Drapeau   of 1177
 
Bombardier Receives 100 Commuter Rail Cars Order From the
MTA/LIRR

MONTREAL, QUEBEC--JANUARY 25, 2001 - 10:23 EST
Bombardier Transportation has been awarded a
Cdn$268.8 million (US$179.3 million) order by the Metropolitan
Transportation Authority/Long Island Rail Road (LIRR) for the
supply of 100 electrical multiple unit (EMU) commuter rail cars.

This order represents the conversion of an existing option
included in the contract awarded on May 24, 1999 for the design,
manufacture and delivery of 192 M-7 electrical multiple unit
commuter cars and options for 808 additional cars. The MTA/LIRR
has exercised a first option for 34 cars, on October 28, 1999.
The exercise of this second option brings the firm order to 326
cars for a total value of Cdn$1 billion (US$694.4 million).

The contract for the M-7 commuter cars calls for the replacement
of the electric commuter car fleets for both MTA commuter railroad
agencies, the Long Island Rail Road (LIRR) and Metro-North
Commuter Railroad (MNCR). The MTA commuter agencies together are
the largest commuter railroad network in North America, serving
more than 500,000 riders every weekday.

"We are very proud of the confidence that the MTA/LIRR continues
to demonstrate in Bombardier. This new order is indicative of the
satisfaction of LIRR with the progress to date in the design and
the manufacturing of this new generation of EMU cars," said
Jacques Laparé, President, Mass Transit - North America,
Bombardier Transportation.

The M-7 stainless steel carbodies will be fabricated at
Bombardier's La Pocatière, Québec plant, with manufacturing and
assembly at the Plattsburgh, New York, plant. The delivery of
those additional cars is scheduled to follow the delivery of the
base car order and run from the second quarter to the fourth
quarter 2003.

The M-7 vehicles incorporate the most advanced technologies to
serve the needs of the large number of passengers who ride each
day. These vehicles are fully motorized married pairs, each
having a full-width operator's cab at each end. The total vehicle
design is focused on optimizing customer safety and comfort while
ensuring excellent train performance and reliability.

Bombardier Transportation, a world leader in the manufacturing of
passenger rail cars, offers a full range of urban, suburban and
intercity vehicles as well as complete rail transit systems
worldwide. It also manufactures freight cars and provides
operations and maintenance services.

Bombardier Inc., a diversified manufacturing and service company,
is a world leading manufacturer of business jets, regional
aircraft, rail transportation equipment and motorised recreational
products. It is also a provider of financial services and asset
management. The Corporation employs 56,000 people in 12 countries
in North America, Europe and Asia, and more than 90% of its
revenues are generated outside Canada. Bombardier's revenues for
its fiscal year ended Jan. 31, 2000 totalled $13.6 billion.
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