Bombardier Transportation is pleased to announce that its joint venture, Changchun Bombardier Railway Vehicles Co. Ltd. (CBRC) has received an additional order from the Guangzhou Metro Corporation for the supply of 48 MOVIA metro cars (eight six-car trainsets). The order is valued at $71 million US (56 million Euros), and Bombardier’s share is valued at approximately $20 million US (16 million Euros). The vehicles will be used on Metro Guangzhou’s lines 1 and 2.
The official signing ceremony in Guangzhou was attended by Chinese and Canadian dignitaries, including Xu Ruisheng, Vice Mayor of Guangzhou City; Paul M. Tellier, President and Chief Executive Officer, Bombardier Inc.; Lu GuangLin, General Manager, Guangzhou Metro Corporation; Ma Shukun, Chairman of CBRC; and Olof Persson, President, Mainline and Metros, Bombardier Transportation.
On this occasion, Paul M. Tellier commented: “The signing of this contract today ensures Bombardier's commitment to the people of Guangzhou and to the Chinese market overall where we are committed to be a long-term partner.”
Olof Persson added: “Upon completion of this contract, we will have delivered over 1000 metro cars to China. Our dedication is evident and we are proud to continue producing and delivering world class vehicles."
Following the Chinese localization policy, the trains will be built at the CBRC plant in Changchun in Northern China. Part of the bogies and propulsion & control system will be supplied by Bombardier from its facilities in Europe. The engineering and project management will be undertaken by Bombardier in Hennigsdorf, Germany. Deliveries are scheduled to take place from the first half of 2006 until end of 2006.
The 140-metre long trains, which are based on the latest modular technology, feature gangways between cars. They include IGBT propulsion, microprocessor train control, high-power air conditioning and extensive passenger information systems.
This order is the second one for Bombardier in China in less than a month. On Oct. 15, Bombardier and its joint venture Bombardier Sifang Power (Qingdao) Transportation Ltd. (BSP) received an order for 20 eight-car high-speed trainsets from the Ministry of Railways of China.
In addition to CBRC, Bombardier participates in two other joint ventures in China. The first one, BSP, is dedicated to the production of intercity passenger rail cars. The other joint venture, Bombardier-CPC Propulsion Systems Co. Ltd., is involved in the production, marketing and maintenance of propulsion equipment for rail vehicles.
Including its joint ventures, Bombardier currently employs 1,400 people in China. In addition to its rail transportation operations, Bombardier is the number one in the Chinese regional aircraft market, with an installed base of 37 aircraft operated by 7 airlines. It is also the first ranked manufacturer of business aircraft to China. Bombardier’s longstanding relationship with China began 50 years ago.
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2004 were $15.5 billion US and its shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F). News and information are available at www.bombardier.com.
MOVIA is a trademark of Bombardier Inc. or its subsidiaries.
Hélène V. Gagnon
+1 450 441-8156