Bombardier Selected to Supply Trams to Brussels
MONTREAL, QUEBEC--SEPTEMBER 17, 2003 - 10:58 ET
Bombardier Transportation welcomes the notice
given by the Board of Directors of the Brussels transport
authority (STIB) to award Bombardier an order for 46
bidirectional Bombardier(i) FLEXITY(i) Outlook trams. The
contract, which will be officially signed in about three weeks,
includes the overhaul of the vehicles' bogies and propulsion
equipment for a period of 15 years. The total value of the
contract is approximately $191 million Cdn (125 million Euros),
including $162 million Cdn (106 million Euros) for the vehicles
and $29 million Cdn (19 million Euros) for the overhaul services.
The delivery of the 100% low-floor trams is expected to take
place between June 2005 and February 2007.
"STIB's decision reflects once more its confidence in
Bombardier's products and services," commented Walter Grawenhoff,
President, Light Rail Vehicles, Bombardier Transportation, on the
announcement. "Since the 1950s, we have worked together closely
on various tram and metro cars projects. The new FLEXITY Outlook
vehicles will undoubtedly add to the impressive reputation that
STIB has already gained."
Production of the vehicles will be undertaken by Bombardier
mainly at its facility in Bruges, Belgium; the bogies will be
produced at its Siegen site and the propulsion, at its Mannheim
facility, both in Germany.
This order brings to 290 the number of FLEXITY Outlook vehicles
purchased since 1999. Similar vehicles are in successful revenue
service in the cities of Linz (Austria) and Lodz (Poland) and
have recently been ordered by the cities of Eskisehir (Turkey)
and Geneva (Switzerland).
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) Trademark(s) of Bombardier Inc. or its subsidiaries
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