Bombardier's Joint Venture Awarded Another Contract to Build 80 High Speed New Generation Sleeper Train Cars for China

BEIJING, CHINA--(Marketwired - Dec. 18, 2015) - Rail technology leader Bombardier Transportation announced today that its Chinese joint venture, Bombardier Sifang (Qingdao) Transportation Ltd. (BST), has been awarded another contract with China Railway Corp. (CRC) to supply 80 CRH1E-250 high speed new generation sleeper train cars for the country's rapidly growing high speed network. The contract is valued at approximately 1.1 billion Chinese RMBs (152 million euro, $165 million US). The 80 cars will be configured into five 16-car trainsets.

Bombardier owns 50% of the shares in BST, which is consolidated by Bombardier Transportation's partner CSR Sifang Rolling Stock Co., Ltd.

In September of 2015, BST also won a contract to build 15 eight-car CRH380D very high speed trains. These orders reflect the confidence China Railways has in BST's leading edge technology and products. It is also the second sleeper order which BST has won from China. The first one, awarded by the Chinese Ministry of Railways (MOR) for twenty 16-car trains in 2007, was delivered in 2010.

Jianwei Zhang, President of Bombardier China expressed, "China's railway and urban mass transit market represents the world's most fierce competition. We are very proud that Bombardier has been chosen by the Chinese customers to provide high-speed trains as well as many other advanced rail mobility solutions. Today, Bombardier holds a top level presence in this exciting market and we are committed to continuing our sustainable success in China."

The five new 16-car trainsets will be an integral part of an evolving high speed rail capability in China. With an operating speed of 250 km/h, the EMU trains are specially designed for overnight service and fitted with sleeping berth interiors. These trainsets (at an overall length of 430 m) represent a sophisticated mix of new modular concepts and proven technology in a unique application. The high-speed sleepers will offer overnight travelers an advanced level of comfort, convenience and trip-time efficiency in a region where long-distance train trips are common.

The trainsets are powered by a highly efficient BOMBARDIER MITRAC propulsion and control system, supplied by a separate Bombardier Chinese joint venture, Bombardier CPC Propulsion System Co., Ltd. (BCP). The trainsets will be manufactured at Bombardier Sifang (Qingdao) Transportation production facilities in Qingdao, China. Project management will take place in Qingdao and at Bombardier centers in Europe.

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 37,700 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, 2014, we posted revenues of $20.1 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

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