Bombardier Receives $140.5-Million Order for Metro Cars
in China
MONTREAL, QUEBEC--NOVEMBER 23, 2001 - 10:03 EST
Bombardier Transportation and the Changchun Car
Company (CCC) are pleased to announce that their joint venture
CARC has received an order from Shenzhen Metro Co. Ltd. for the
supply of 114 metro cars (19 six-car trains). The vehicles will
be used for Phase 1 of the new metro system under construction in
Shenzhen City. Shenzhen is located in the South of China,
neighboring both Hong Kong and Guangzhou.
The order is valued at $222 million Cdn (158 million Euro), and
Bombardier Transportation's share is valued at some $140.5 million
Cdn (100 million Euro).
The first train will be manufactured in Hennigsdorf, Germany with
the remaining 18 trains to be built at the CARC plant in
Changchun, Jilin Province in NorthEast China (approximately 800 km
North East of Beijing). Bombardier's facility in Vasteras, Sweden
will provide the propulsion. The metro trainsets are planned to
be delivered between early 2004 and the second half of 2005.
Revenue service is scheduled to commence in December 2004.
The 140-m long high capacity metro trains are based on the latest
modular technology to respond to local content requirements. It
incorporates advanced Bombardier Transportation designs, such as
the modular aluminum carbody, state of the art propulsion and high
performance bogies.
Commenting on the contract, Olof Persson, President, Metros,
Europe, Bombardier Transportation, said: "I am delighted that
Shenzhen Metro has shown confidence in our metro products. The
Shenzhen subway system will soon benefit from these new vehicles,
which incorporate some of the latest metro technology, and I am
sure that the new vehicles will be well received by the travelling
public".
Bombardier Transportation has two current rolling stock joint
ventures in China. The first one, CARC, was formed by Adtranz and
Changchun Car Company in 1996. Adtranz was subsequently acquired
by Bombardier in May 2001. It is dedicated to the production of
metro vehicles. A first contract was awarded in 2000 by the City
of Guangzhou for the delivery of 156 metro cars for its Line 2.
The first train is to be delivered end of 2002.
The second joint venture, Bombardier Sifang Power (Qingdao)
Transportation Ltd., was formed in 1998 by Bombardier Inc., Power
Pacific Corporation Limited and China National Railways Locomotive
and Rolling Stock Industrial Corporation (LORIC) to produce mass
transit railcars. Its production facility is located at the plant
of Sifang Locomotive and Rolling Stock Works, a LORIC subsidiary,
in Qingdao, Shandong Province, 550 km South East of Beijing. It
received a first contract in 1999 from the Ministry of Railways in
China to supply 300 high-grade intercity cars. Delivery of the
first vehicles is scheduled for June 2002.
As consortium leader for rolling stock, Bombardier Transportation
has already delivered to China the Metro Systems for Shanghai Line
1 and 2 (96 cars for Line 1 and an additional 222 cars for Line
2.), Guangzhou Line 1 (126 cars) and Hong Kong Airport Express
Line (184 cars).
Bombardier Transportation including its joint ventures currently
employs approximately 500 people in China. It has offices located
in Beijing, Shanghai, Guangzhou and Hong Kong in addition to its
joint venture facilities.
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 its revenues for its
fiscal year ended Jan. 31, 2001 totalled $16.1 billion Cdn. |
