Bombardier Transportation
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Bombardier Transportation

October 24, 2016 05:56 ET

Bombardier's Russian Rail Control Joint Venture Expands into Serbian Market

- First project underway follows recent signing of Memorandum of Understanding between Russian Railways International and Bombardier Transportation

- Signalling upgrade on the Serbian section of the Belgrade-Bar Line is an important step towards modernising the 40-year old passenger line

BERLIN, GERMANY--(Marketwired - Oct. 24, 2016) - Rail technology leader Bombardier Transportation has started work on its first rail control project in Serbia, phase one of the upgrade to the Serbian section of the Belgrade-Bar (Montenegro) Line. The pioneering project on the 77.6 km Resnik-Valjevo section is being delivered by the Bombardier Transportation (Signal) Ltd Joint Venture to Russian Railways (RZD) International which is undertaking the upgrade on behalf of Serbian Railways (Infrastruktura železnice Srbije).

Peter Cedervall, President, Rail Control Solutions Division, Bombardier Transportation, commented, "We are pleased to be expanding into Serbia and contributing to the modernisation of the country's railway infrastructure, which will bring important safety enhancements and reduced travel times for passengers. In addition, this project is further recognition of our role as a trusted supplier across the 1520 mm gauge market and we look forward to working together with RZD International, as well as further building on our vehicle presence in Serbia for locomotive operation."

The 287 km Serbian section of the Belgrade-Bar Line is the longest rail connection on the country's network and forms part of the link between Serbia and Montenegro's capitals. The Resnik-Valjevo project is a landmark step towards the first complete modernisation of the Serbian line in 40 years of operation. As well as delivering modern signalling and telecommunications products for increased safety, the upgrade will support increased train speeds from 50 to 120 km/hr.

This is also the first project to start after the MoU signed in June between RZD International and Bombardier Transportation for close cooperation on developing and implementing joint railway infrastructure projects in the international market. The companies plan to collaborate on technologies and share experience within railway infrastructure construction, signalling and project management.

A pioneer in the region, Bombardier Transportation (Signal) Ltd was the first international joint venture to be formed for the Russian Railways, delivering the BOMBARDIER EBI Lock 950 computer-based interlocking (CBI) system. Since the first station was equipped in Russia in 1999, the company has equipped almost 300 stations across Russia, the Baltics, CIS, Mongolia and Eastern Europe and is fast becoming an expert in modern rail control for the entire 1520 mm railway gauge market. In Serbia, Bombardier Transportation has a footprint through its locomotive business with the Hungarian State Railways (MAV) which is operating BOMBARDIER TRAXX AC2 locomotives.

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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