Bombardier Officially Signs Contract for 46 Bombardier
Flexity Outlook Trams for Brussels
MONTREAL, QUEBEC--LE 30 OCTOBRE 2003 - 10:04 ET
An official signing ceremony was held today in
Bruges, Belgium to mark the selection of Bombardier
Transportation by the Board of Directors of the Brussels
transport authority (STIB) for the delivery of 46 Bombardier(i)
FLEXITY(i) Outlook trams for the city of Brussels. Pierre Lortie,
President and Chief Operating Officer of Bombardier
Transportation and Werner Daem, Chairman of the Board of the
STIB, officially signed the contract jointly with Walter
Grawenhoff, President, Light Rail Vehicles of Bombardier
Transportation, and Alain Flausch, Administrator and general
director of STIB, in the presence of Jos Chabert, Minister of
Transport of the Government of Brussels-Capital.
The contract includes the overhaul and the corrective maintenance
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. Within this agreement STIB has
the possibility to order further batches of a minimum of 10
vehicles per series during a period of five years. The delivery
of the 100% low-floor trams is expected to take place between
June 2005 and February 2007.
On the occasion, Bombardier Transportation President Pierre
Lortie commented: "The FLEXITY Outlook vehicles offer an
innovative design, state-of-the-art technology and increased
passenger comfort for a city of high international standard like
Brussels. The new trams will undoubtedly emphasize the respected
and reliable image of STIB."
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.
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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