BERLIN, GERMANY--(Marketwired - Jan. 29, 2014) - The Queensland Government today announced its order of 75 new six-car trains, maintenance services for a period of 30 years and the construction of a purpose-built maintenance centre under a 32-year public-private partnership. A consortium comprising rail technology leader Bombardier Transportation, John Laing, ITOCHU Corporation and Uberior will deliver the order. As previously communicated to the market on January 17, 2014, the total value of the contract is approximately 4.4 billion AUD (3.0 billion euro, $4.1 billion US) with Bombardier's share valued at approximately 2.9 billion AUD (2.0 billion euro, $2.7 billion US).
The New Generation Rollingstock project will boost commuter services for the densely populated areas of South East Queensland and transport domestic and international tourists to some of Queensland's world famous locations, including the beaches and theme parks of the Gold Coast. Bombardier's scope for this project includes the supply of the 75 Electrical Multiple Units (EMUs) and maintenance for 30 years. The depot design and construction will be subcontracted to Laing O'Rourke.
Lutz Bertling, President and Chief Operating Officer, Bombardier Transportation, said: "Bombardier and its partners will deliver a new generation of high-performing and environmental-friendly commuter trains for Queenslanders to meet the region's rising demand for rail services. Bombardier's fleet maintenance will ensure that the new trains provide superior performance for the next 30 years, enabling Queensland Rail to continue to deliver reliable and cost-effective services for passengers enjoying a new standard of travelling environment."
The new commuter trains are being designed and engineered in Australia and will be manufactured at Bombardier's facility in Savli, India. The vehicle design is based on the Adelaide EMU train and the award-winning BOMBARDIER VLocity design, incorporating reliable and service proven technologies such as the BOMBARDIER FLEXX bogies and the BOMBARDIER MITRAC propulsion system. The new commuter trains will provide improved capacity, security and passenger flow and will feature the BOMBARDIER ORBIFLO advanced condition monitoring system to enhance vehicle reliability.
The project is being financed jointly by the public and private sector using an availability payment public-private partnership finance option, a similar model as successfully used for Australia's Gold Coast Rapid Transit. The four consortium members are equity partners for the project. Macquarie Capital acted as financial adviser to the consortium.
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. 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 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, 2012, we posted revenues of $16.8 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
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