Bombardier Finalizes Contract for the Supply of a
$729-Million Rapid Transit System in Taiwan
MONTREAL, QUEBEC--JUNE 12, 2003 - 08:12 ET
Bombardier Transportation has finalized a
contract with Kung Sing Engineering Corporation (KSECO), a
Taiwanese construction company, to supply the electrical and
mechanical (E&M) works of a 15-km rapid transit system, including
202 vehicles, for the new Neihu Line in the City of Taipei,
Taiwan. On April 28, 2003, Bombardier announced that it had been
selected by KSECO to supply the transit systems portion of the
Neihu Line, an extension to the existing Mucha Line. Following
the finalization of the contract with KSECO, the E&M contract
awarded to Bombardier is valued at approximately $729 million
Cdn. ($18.5 billion NT). Notice to proceed will follow by the
end of June 2003.
KSECO, as the contractor responsible for the turnkey construction
of the new extension, has signed a separate contract with the
Department of Rapid Transit Systems (DORTS) of the Taipei City
Government on June 12, 2003, valued at approximately $1.3 billion
Cdn ($32.87 billion NT).
Bombardier, as the prime subcontractor to KSECO, will design and
supply all of the system-wide E&M elements for the 12-station
Neihu Line, including the deployment of the Bombardier
Flexiblok(i) automatic train control (ATC) technology that will
be used to retrofit the automatic train control system on the
existing Mucha Line, its 102 vehicles and some of the equipment
in its existing 12 stations.
"The new Neihu Line will play a pivotal role in the City's future
plans for greater mobility," said Patrice Pelletier, President,
Total Transit Systems, Bombardier Transportation, "by responding
effectively to the dynamic increase in urbanization." The mostly
elevated Neihu Line will open in three stages; the completion of
the first 10 km and delivery of 60 vehicles is anticipated in the
summer of 2007, with the two remaining stages to be completed in
late fall of 2007 and spring of 2008.
Bombardier Transportation is the global leader in the rail
equipment manufacturing and servicing industry. Its wide range of
products includes passenger rail cars and total transit systems.
It also manufactures locomotives, freight cars, propulsion &
controls and provides rail control solutions.
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 75,000 people and manufacturing facilities in
25 countries throughout the Americas, Europe and Asia-Pacific.
Its revenues for the fiscal year ended Jan. 31, 2003 stood at
$23.7 billion Cdn. Bombardier shares are traded on the Toronto,
Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).
(i) Trademarks of Bombardier Inc. or its subsidiaries
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