RE: Real important when noone is buying trainsNone buying train??? LOL..You miss this??
Bombardier wins transit contract in S. Korea
FROM CANADIAN PRESS
MONTREAL — A Bombardier-led consortium has won a contract from the South Korean city of Yong-In to build and operate a fully automated 18.5-kilometre rapid transit system.
Serving 15 stations, the new line will link the Seoul subway, via Yong-In City, and will end in Everland, the region's recreational and entertainment centre.
The Yong-In LRT Consortium includes Bombardier and several Korean contractors.
The contract for the five-year design and build portion of the contract is valued at about $600 million (U.S.). Bombardier's share is about $200 million (U.S.).
The separate operations and maintenance contract, awarded solely to Bombardier, is worth about $120 million (U.S.) for the first 10 years.
Also included are four five-year options, which if realized would increase the value of the contract by $294 million (U.S.).
Shares of Bombardier (TSX: BBD.B) were down four cents to $3.46 in trading on the Toronto stock market.