October 25, 2010

Alstom, Bombardier consortium to supply STM

A consortium comprising Bombardier Transportation and Alstom Transport signed a contract with Société de transport de Montréal (STM) for the supply of 468 metro cars (52 nine-car trainsets) to replace the MR-63 fleet, in service since 1966, and to optimize service.

The contract is estimated at approximately $1.2 billion. Bombardier's share is estimated at $725 million and Alstom's share is estimated at $482 million. The contract will enter into force, and the final price fixed using the applicable exchange rate, when the usual steps of funding approval will be completed.

The design, manufacture and final assembly of the new Montréal metro cars will be undertaken at Bombardier's facilities in La Pocatière and Saint-Bruno, Québec. Alstom's sites in Sorel-Tracy and Montréal, will also be involved. The first prototype train will arrive in June 2013, followed by the base order deliveries that are scheduled to take place between February 2014 and September 2018.

In conformity with the STM requirements, the project includes a 60% Canadian content and final assembly will take place in Canada.

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