Bombardier Transportation, as part of a consortium, has been awarded a contract by Transit Systems Development LLC for a 2.25-mile extension to the Las Vegas Resort Corridor Monorail system.
The design-build-equip contract awarded to the consortium is valued at approximately $336 million and Bombardier's share is approximately $178 million.
Bombardier will operate the system for an initial five years with two renewable five-year options.
In addition, Bombardier will be responsible for all of the electrical and mechanical systems for the fully automated downtown extension, including 20 additional driverless monorail cars.
The anticipated completion date of the extension is summer 2007.