Bombardier wins $5.3 billion U.K. subway contract

Bombardier Transportation received contracts from Metronet, valued at $5.3 billion, for the modernization of London's Underground system. The 15-year contract includes the supply of rolling stock, signaling, maintenance and project management of the subway. The turnkey contracts include the project management and supply of 1,738 metro cars and new signaling systems for the Victoria Line and sub-surface lines, together with the maintenance of the rolling stock. Metronet is responsible for upgrading, replacing and maintaining two-thirds of the London Underground infrastructure in a 30-year-old public private partnership contract.