Bombardier Receives a $197 Million Order for High-Speed
Power Heads in Spain
MONTREAL, QUEBEC--OCTOBER 1, 2001 - 10:12 EDT
Bombardier Transportation confirms that it has
received, together with consortium partner Patentes Talgo, an
order for the delivery of 16 HST 350 high-speed trainsets to the
Spanish National Railways RENFE. The new trains will be used on
Spain's high-speed line which runs between Madrid, Barcelona and
the French border town of Le Perthus. Bombardier will be
responsible for the manufacture of the 32 power heads. The total
contract is valued at approximately $491 million Cdn (338 million
euros) and Bombardier Transportation's share of the contract is
approximately Cdn$197 million (136 million euros). Deliveries are
scheduled to take place between March 2004 and December 2004.
Bombardier Transportation will develop and manufacture the
lightweight, four-axle high-speed power heads, including the
entire electrical equipment, the propulsion system, and the
bogies. Bombardier will also be involved in the final assembly
and testing of the trainsets. The production will be undertaken
at Bombardier's plants in Kassel, Mannheim and Siegen (Germany),
as well as Trápaga (Spain). Final assembly of the trainsets will
be undertaken in Talgo's plant in Las Matas (Spain).
"This order is a demonstration of the confidence that our
customers have in Bombardier's competence and know-how in the
high-speed sector," said Wolfgang Tolsner, President Locomotives
and Freight.
A prototype of the HST 350 power head has been successfully
undergoing testing in Spain for over a year now, providing ample
proof of its high level of availability and dependability. Its
record run at just under 360 km/h took place during the spring of
this year.
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 signaling equipment and
systems.
Bombardier Inc., a diversified manufacturing and service company,
is a world leading manufacturer of business jets, regional
aircraft, rail transportation equipment and motorized recreational
products. It is also a provider of financial services and asset
management. The Corporation employs 79,000 people in 24 countries
in the Americas, Europe and Asia-Pacific and revenues for its
fiscal year ended Jan. 31, 2001 totalled Cdn$16.1 billion |
