Bombardier Transportation
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Bombardier Transportation

March 21, 2016 08:37 ET

Bombardier to Provide an Additional 60 TWINDEXX Vario Double-Deck Coaches to Israel Railways

- Latest order increases Israel Railways' fleet of Bombardier-built double-deck coaches to 425

- Coaches to be operated with new BOMBARDIER TRAXX AC electric locomotives in new standard 8 double-deck coach configuration

BERLIN, GERMANY--(Marketwired - March 21, 2016) -

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Rail technology leader Bombardier Transportation announced today that it will provide an additional 60 BOMBARDIER TWINDEXX Vario double-deck coaches to Israel Railways (ISR). This call-off order is part of a framework agreement signed in October 2010 and is valued at approximately 106 million euro ($120 million US).

Yossi Daskal, Chief Country Representative and Head of Sales Israel, Bombardier Transportation, said, "We are proud to continue strengthening our local footprint. Bombardier's story in Israel continues to be a success due to high performance and the excellent relationship Bombardier has built with ISR over the last decades. We are delighted to be part of ISR's rail network electrification and modernization by providing high quality, sustainable solutions."

As the Israeli public transportation market continues to grow, demand for additional capacity and more frequent service is increasing. In response, the government has planned over 7 billion euro in investments to upgrade its railway networks, opening up opportunities for a variety of mobility solutions. These additional double-deck trains, hauled by the new TRAXX AC electric locomotives ordered in 2015, will represent great strides in helping alleviate congestion in the nation. To further reduce reliance on private cars, Israel is also developing light rail vehicle and monorail systems for several lines.

Deliveries for this call-off order are expected to take place between March 2017 and July 2018.

About Bombardier Transportation

Bombardier Transportation is a global leader in rail technology and offers the broadest portfolio in the industry. It covers the full spectrum of rail solutions, ranging from trains to sub-systems and signalling. The company also provides complete transport systems, e-mobility technology and maintenance services. As an innovation driver, Bombardier Transportation continuously breaks new ground in sustainable mobility. It provides integrated solutions that create substantial benefits for operators, passengers and the environment. Headquartered in Berlin, Germany, Bombardier Transportation employs around 39,400 people and its products and services operate in over 60 countries.

About Bombardier

Bombardier is the world's leading 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 North America Index. In the fiscal year ended December 31, 2015, we posted revenues of $18.2 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

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