Bombardier Receives $47-Million Order for the Delivery of
Double-Deck Trains to Israel
MONTREAL, QUEBEC--OCTOBER 28, 2002 - 09:58 EST
Bombardier Transportation has received an order
from the Ports and Railways Authority-Israel Railways (Tel Aviv)
to deliver another six 4-car double-deck trains, each consisting
of one power car and three trailer cars. The contract is valued at
approximately $47 million Cdn (31 million Euros). The
air-conditioned trains, which are scheduled to be delivered
between May and July 2004, will be put in service in the Tel Aviv
area as part of the project "Railway 2000".
The current order, which is a follow-on order to a contract signed
in August 1999, brings to 23 the number of double-deck trains
ordered by the Israel Railways. To date, fourteen of these trains
have been delivered to the customer.
Juergen Fleischer, President Regional & Commuter, Bombardier
Transportation, said: "We are glad to have the opportunity to
continue our close co-operation with the Israel Railways, and to
further contribute to the successful growth of the railways in
Israel."
The new trains will be manufactured and assembled at Bombardier
Transportation's site in Gorlitz, Germany. In Israel, Bombardier
is cooperating closely with local subcontractors.
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 rail control systems.
Bombardier Inc., a diversified manufacturing and services company,
is a world leading manufacturer of business jets, regional
aircraft, rail transportation equipment and motorized recreational
products. It also provides financial services and asset management
in business areas aligned with its core expertise. Headquartered
in Montreal, Canada, the Corporation has a workforce of some
80,000 people in 24 countries throughout the Americas, Europe and
Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2002
stood at $21.6 billion Cdn. Bombardier trades on the Toronto,
Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).
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