Bombardier Transportation

Bombardier Transportation

March 16, 2005 07:51 ET

Bombardier Awarded an Order from Angel Trains for 36 Locomotives Valued Approximately $202 Million US


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BOMBARDIER TRANSPORTATION

TSX SYMBOL: BBD.MV.A

MARCH 16, 2005 - 07:51 ET

Bombardier Awarded an Order from Angel Trains for 36
Locomotives Valued Approximately $202 Million US

MONTREAL, QUEBEC--(CCNMatthews - March 16, 2005) - Bombardier
Transportation has received an order from Angel Trains for the delivery
of 36 TRAXX locomotives, consisting of 26 Bombardier(i) TRAXX(i) F140 MS
multi-system locomotives and 10 F140 DC locomotives under a framework
agreement that offers Angel Trains the possibility of ordering up to 100
locomotives subject to the same general conditions. This order by Angel
Trains is intended to complement Angel Trains' existing fleet of diesel
and TRAXX AC locomotives and to allow both parties to offer a quick
response to the operator's demand. The first 36 locomotives order,
including a variety of types, country specific signalling equipment and
options, is valued approximately $202 million US (150 million Euros).

Delivery of the DC locomotives is scheduled between October 2006 and
March 2007, with the multi-system locomotives following between January
2007 and September 2007. The locomotives will be manufactured at
Bombardier's facilities in Kassel, Germany.

"With the development of our ultramodern multi-system locomotive, we
have taken an important step on the way to the European cross-border
rail services of the future. The order is also a demonstration of the
trust and confidence placed by Angel Trains in Bombardier's ability to
develop convincing products today for the transport solutions of
tomorrow," said Edmund Schlummer, President, Locomotives and Freight,
Bombardier Transportation. "The order is also particularly important to
us because it means the F 140 DC locomotive will go into service for the
first time as an active member of TRAXX family."

Colin Walton, Chief Country Representative UK, Bombardier
Transportation, said: "We are delighted to be working in partnership
with Angel Trains and enabling this important business outside the UK."

Building on the successful placement in service of 35 Bombardier TRAXX
AC locomotives already owned by Angel Trains, Europe's largest
locomotive lessor, Angel Trains intends to offer the multi-system
locomotives for deployment on international services in Europe. Ten of
the TRAXX MS locomotives are earmarked for services between Belgium, the
Netherlands and Germany. A further ten will operate shuttle services
between Germany and Poland, and six are intended for cross-border
services between Germany, Austria, Switzerland and Italy. The ten TRAXX
F 140 DC locomotives are designated for deployment in Italy.

The modular multi-system locomotive, which is tailor-made for freight
services within Europe, is designed for both DC and AC power supply
systems, and can be equipped with all the various train safety systems
currently in use in Europe. Both locomotive versions will be equipped
with Bombardier's proven and reliable MITRAC propulsion and control
systems.

The TRAXX F140 DC is fitted with the train safety systems required for
Italy and thus complies with all the requirements for unrestricted
operation in the growing Italian freight market. Although it has been
developed primarily for freight services, the locomotive is also
equipped with all the components necessary for passenger services.

With Bombardier's EBI(i) Cab onboard automatic train control system,
which includes ERTMS (European Rail Traffic Management System)
technology and STM (Specific Transmission Module) components, the two
locomotive versions can cross borders with no delays caused by
locomotive or crew changes.

The strategy employed in the development and production of the
locomotives from the TRAXX family, using as many identical parts as
possible, has resulted in genuine synergies for the customer. It also
means that the vehicles can be integrated smoothly into existing fleets.
Operational and maintenance costs are low, the locomotives feature high
availability and reliability, and they also offer the benefits of an
extremely service-friendly design throughout the entire life cycle. Over
750 of the locomotives, which are derived from the Class 185 locomotive,
have been ordered to date, and more than 350 of them currently operate
daily freight and passenger services throughout Europe.

About Bombardier

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 stock exchange
(BBD). News and information are available at www.bombardier.com.

TRAXX(i) and EBI(i) are trademarks of Bombardier Inc. or its
subsidiaries.

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