Bombardier Transportation
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Bombardier Transportation

December 21, 2006 11:21 ET

Bombardier Signs Contract to Build 234 Subway Cars for Toronto

MONTREAL, QUEBEC--(CCNMatthews - Dec. 21, 2006) - Bombardier Transportation announced today that it has signed a contract to produce 234 new subway cars (39 six-car trainsets) for the Toronto Transit Commission (TTC). The base contract for the cars is valued at approximately $431 million US ($499 million CDN, 330 million euros). The TTC has also opted to purchase spares and additional equipment as part of the deal, bringing the total value of the contract to $473 million US ($548 million CDN, 362 million euros).

Manufacturing and final assembly of the vehicles will be carried out at Bombardier Transportation production facilities in Thunder Bay, Ontario. Delivery of the cars is scheduled to take place between 2009 and 2011.

William Spurr, President, Bombardier Transportation North America, said: "We are very pleased that, after a lengthy process to ensure high value, the TTC has engaged Bombardier to provide the next generation of subway vehicles for Greater Toronto and TTC customers. We are proud that these cars will be made in Ontario, and that this project is expected to create nearly 2,500 new direct and indirect jobs in the Province over four to five years."

The next-generation subway cars will provide a range of new features for passengers, including:

- Open gangways allowing riders to walk freely from one end of the train to the other. The TTC cars will be the first in North America to offer this configuration.

- An electronic information system, which includes automated audio station announcements and an "active" subway map that will show direction of travel, tell riders which station is next and identify which side of the train doors will open at the station.

- New security features, including onboard cameras and a two-way intercom system connecting passengers with the driver.

- Increased reliability.

Bombardier is a long-time partner to all of the major transit operations in the Greater Toronto Area. It built the T1 subway cars that have been operating on Toronto's subway system since the mid 1990s. It also has supplied more than 400 Bombardier BiLevel commuter railcars now in service with GO Transit - the largest such fleet in North America - and provides ongoing maintenance services for the GO Transit commuter rail fleet. Bombardier was a major contractor on the Scarborough LRT in the region as well.

The Bombardier Transportation Group has its global headquarters in Berlin, Germany with a presence in over 60 countries. It has an installed base of approximately 97,000 vehicles worldwide. The Group offers the broadest product portfolio and is recognized as the leader in the global rail sector.

About Bombardier

A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2006, were $14.7 billion US and its shares are traded on the Toronto Stock Exchange (BBD). News and information are available at www.bombardier.com.

Bombardier and BiLevel are trademarks of Bombardier Inc. or its subsidiaries

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