Bombardier wins $508M order to supply subway cars to Mexico City
MONTREAL (CP) - Bombardier Transportation has won a tentative $508-million contract to supply subway cars to Mexico City's transit authority, part of a 405-car deal that also involves CAF of Spain.
The contract with Sistema de Transporte Colectivo-Metro, worth $761 million in total to Bombardier and CAF, still needs a final "notice to proceed," which is expected in a few weeks, Bombardier said late Friday in a release. Delivery of 45 trainsets consisting of nine cars each would start in the fall of 2004 and continue until mid-2006.
Bombardier Transportation in Mexico - employing almost 1,100 people in Ciudad Sahagn, 80 kilometres north of Mexico City - will be responsible for the manufacturing, testing and commissioning of 28 trainsets and for the design and production of 810 rubber-tire rail cars.
The car shells and train designs are to be developed jointly with CAF.
Bombardier Transportation is a global leader in rail equipment manufacturing and servicing. Its products include passenger rail cars and total transit systems. It also makes locomotives, freight cars, propulsion and controls.
Parent company Bombardier Inc. of Montreal makes business jets, regional aircraft, rail transport equipment and motorized recreational products. It has a workforce of 80,000 people in 24 countries throughout the Americas, Europe and Asia-Pacific, and its revenue for the fiscal year ended Jan. 31 totalled $21.6 billion.
On the Toronto stock market Friday, Bombardier class-B shares (TSX:BBDB - news) rose 20 cents to $3.85. |
