Rail

Bombardier joint venture wins Chinese high-speed trains contract

Posted on July 16, 2010

Bombardier Transportation announced that its Chinese joint venture, Bombardier Sifang (Qingdao) Transportation Ltd. (BST), received an order for 40 additional CRH1 high-speed trainsets, valued at approximately $761 million, from the Chinese Ministry of Railways (MOR).

BST is a joint venture between Bombardier and CSR Sifang Rolling Stock Co. Ltd. Bombardier's share of the contract is valued at approximately $373 million.

Each of the new trainsets, consisting of eight cars, can carry a total of 604 passengers. Deliveries of the additional cars will begin in September 2010 and be completed by the end of May 2011.

With this additional order, a total of 1,280 CRH1 cars have been ordered from Bombardier Sifang in China so far.

 

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