Bombardier Receives a $339 Million Cdn Order for Diesel
Multiple Units in Australia
MONTREAL, QUEBEC and MELBOURNE, AUSTRALIA--NOVEMBER 21, 2001 - 19:38 EST
Bombardier
Transportation has signed a contract with National Express and the
Victorian State Government to build 29 two-car diesel multiple
units (DMU) for Victoria's country and regional services. The
agreement also covers the maintenance of these trains for the next
15 years. The total value of the firm order is approximately $339
million Cdn ($410 million Australian). The transaction carries
options for the manufacture and maintenance of 10 additional
two-car units which would take the total contract value to
approximately $455 million Cdn ($550 million Australian).
Deliveries are scheduled to take place between October 2004 and
July 2006.
The state-of-the-art stainless steel trains will be manufactured
at Bombardier's Dandenong facility in Victoria with some
components and technical input being supplied by local Australian
engineering firms. Bombardier Transportation's facility in Derby,
UK will be providing the bogies. "We are pleased that National
Express, a leading international train operator, has selected
trains designed and manufactured by Bombardier Transportation,"
says Dan Osborne, Chief Country Representative of Bombardier
Transportation in Australia.
"This order reinforces Bombardier's overall presence in Australia
and strengthens Bombardier Transportation's ability to pursue
other activities in the region." notes Jules Pleau, Vice
President, Bombardier International, who played a significant role
in assisting in the transaction.
Bombardier Transportation's Dandenong plant has been manufacturing
trains and trams for Australian railways for over 25 years.
Bombardier Transportation, which employs 210 people in Australia,
is currently working on manufacturing or service contracts in
Queensland, New South Wales and Victoria.
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 International's mandate is to assist other Bombardier
groups to accelerate their expansion into targeted markets outside
North America and Western Europe.
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. Bombardier's revenues
for its fiscal year ended Jan. 31, 2001 totalled $16.1 billion.
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