November 17, 2010

Bombardier, Alstom consortium gets STM go-ahead

The consortium comprising Bombardier Transportation and Alstom Transport confirmed it has received the Notice to Proceed from Société de transport de Montréal (STM) on the supply of 468 metro cars (52 nine-car trainsets).

The contract signature was published on Oct. 22, 2010. With funding approval completed, the contract now enters into force and the final price has been fixed using the applicable exchange rate. The contract is valued at $1.18 billion. Bombardier's share is $715 million and Alstom's share is $468 million.

The design, manufacture and final assembly of the new Montréal metro cars will be carried out at Bombardier's facilities in La Pocatière and Saint-Bruno, Québec. Alstom's sites in Sorel-Tracy and Montréal, Québec, will also be involved.

The first prototype train is to be delivered in June 2013, followed by the base order deliveries that are scheduled to take place between February 2014 and September 2018.

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