BERLIN, GERMANY–(Marketwired – July 31, 2013) – Rail technology
leader Bombardier Transportation has won a contract for new rolling stock
from Southern Railway, which provides services in London and the south east
of England. A Spares Supply Agreement has also been signed which will allow
Bombardier to support the new trains when they enter service. The contracts
have a total value of approximately GBP 180 million GBP (206 million euro,
$274 million US).
The new cars will be designed and manufactured at Bombardier’s Derby
facility. The vehicles will initially be used on the Thameslink route and in
the longer term will be cascaded onto other routes. The rolling stock
contract includes an option for 140 additional vehicles which, if exercised,
would bring the total number of vehicles ordered to 256 and the total value
of the order to approximately GBP 385 million GBP (441 million euro, $585
million US).
Bombardier will supply Southern with the latest version of the BOMBARDIER
ELECTROSTAR family of electrical multiple units, capable of 110 mph
operation. The ELECTROSTAR has a well proven track record for reliability and
environmental performance and is in daily passenger service with other UK
train operators, including c2c, Southeastern, London Overground, and Stansted
Express. The Gautrain railway in Johannesburg, South Africa, also operates
ELECTROSTAR trains.
Over 800 Bombardier trains serve London every day, supported by 700 employees
on 12 sites. This is the latest in a series of contract wins and successful
projects for the company in London. On the Underground, Bombardier delivered
the Victoria Line upgrade project on time and under budget, and is in the
process of delivering upgraded trains for the sub-surface lines. Bombardier
has also delivered all the new rolling stock for the London Overground
service, and provides a maintenance service for those trains at Transport for
London’s New Cross Gate depot. During the London 2012 Olympics, Bombardier
maintenance teams and support functions worked around the clock to deliver
increased reliability and ensure that Bombardier trains on nine key routes
serving London were able to meet the unprecedented demand from the record
number of passengers travelling on the network.
About Bombardier Transportation
Bombardier Transportation, a global leader in rail technology, offers the
broadest portfolio in the rail industry and delivers innovative products and
services that set new standards in sustainable mobility. BOMBARDIER ECO4
technologies – built on the four cornerstones of energy, efficiency, economy
and ecology – conserve energy, protect the environment and help to improve
total train performance for operators and passengers. With over 3,200 people
employed at eight Bombardier sites and 31 customer locations across the UK,
Bombardier has delivered, or has on order, more than 60 per cent of the UK’s
existing fleet and currently maintains around 40 per cent of the UK’s rolling
stock. Bombardier has over 50 years’ experience in providing the latest
signalling technology to the UK rail network.
Bombardier Transportation is headquartered in Berlin, Germany, and has a very
diverse customer base with products or services in more than 60 countries. It
has an installed base of over 100,000 vehicles worldwide.
About Bombardier
Bombardier is the world’s only manufacturer of both planes and trains.
Looking far ahead while delivering today, Bombardier is evolving mobility
worldwide by answering the call for more efficient, sustainable and enjoyable
transportation everywhere. Our vehicles, services and, most of all, our
employees are what make us a global leader in transportation.
Bombardier is headquartered in Montreal, Canada. Our shares are traded on the
Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability
World and North America Indexes. In the fiscal year ended December 31, 2012,
we posted revenues of $16.8 billion. News and information are available at
bombardier.com or follow us on Twitter @Bombardier.
Note to Editors
For news releases, related material and photos, visit our media centre at www.bombardier.com/en/media-centre.html.
Follow Bombardier Transportation on Twitter @BombardierRail.
BOMBARDIER, ELECTROSTAR and ECO4 are trademarks of Bombardier Inc. or its
subsidiaries.
FOR INFORMATION
Article source: http://www.otcmarkets.com/stock/BDRBF/news?id=66687
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