BERLIN, GERMANY--(Marketwire - June 28, 2012) - Bombardier Transportation today announced that together with New United Group (NU) it has signed a contract with CSR Nanjing Puzhen Rolling Stock Co., Ltd. for the supply of BOMBARDIER MITRAC propulsion and control equipment. Bombardier will supply engineering, manufacturing, testing, commissioning as well as initial spare parts for the propulsion and control system of the new metro trains to be delivered by CSR Nanjing Puzhen Rolling Stock Co., Ltd. to Dongguan Rail Transit Co., Ltd. The total value of the contract is approximately 180 million CNY (23 million euro, $28 million US)1, with Bombardier's share valued at approximately 102 million CNY(13 million euro, $16 million US)1. The MITRAC equipment will be delivered from Bombardier Transportation's production facilities in Västerås, Sweden and Changzhou, The People's Republic of China.
The project marks the first application of MITRAC propulsion and control equipment in a Chinese metro system with an operational speed of 120 km/h. With a total length of 37 km, the R2 Line is the first metro line in the City of Dongguan and is expected to go into service by 2015.
"Bombardier is the world's leading provider of propulsion and control equipment for rail vehicles. Our solutions set the standard in terms of reliability and form a key part in the Dongguan development of public mass transport in China and the wider region," said Per Allmer, President Propulsion and Controls, Bombardier Transportation.
Jianwei Zhang, President and Chief Country Representative of Bombardier China, said: "Following the recent order of Bombardier propulsion equipment for the Beijing Metro Line 14, the award of this contract for the Dongguan R2 Line once again demonstrates the confidence and trust that Chinese customers have in our proven and reliable technology. As always, Bombardier is committed to delivering on time with high attention to quality for this breakthrough 120 km/h metro project in China."
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. 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.
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 Montréal, 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, 2011, we posted revenues of $18.3 billion USD. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
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1 Total amount stated includes Chinese VAT; Bombardier's share stated excludes Chinese VAT