Management & Operations

Bombardier, MTA exercise rail car options

Posted on April 23, 2004

Bombardier Transportation announced this week that the Metro-North Railroad (MNR) has exercised options for 120 M-7 electric multiple unit commuter rail cars under an existing contract.

The exercised options are valued at $206 million.

Bombardier now has orders for 978 M-7 cars from the New York Metropolitan Transportation Authority commuter railroads, which are made up of MNR and Long Island Rail Road.

The total value of the orders received is approximately $1.9 billion. If all remaining options are exercised, the entire contract would total 1,266 cars and be valued at $2.4 billion.

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