Bombardier Signs $241 Million USD Contract
https://www.marketwatch.com/story/bombardier-signs-241-million-usd-contract-to-supply-install-operate-and-maintain-an-innovia-monorail-system-in-riyadh-kingdom-of-saudi-arabia-2010-05-31?reflink=MW_news_stmp
Bombardier Signs $241 Million USD Contract to Supply, Install, Operate and Maintain an INNOVIA Monorail System in Riyadh, Kingdom of Saudi Arabia
Bombardier wins the first contract in the Kingdom of Saudi Arabia for its next generation INNOVIA Monorail 300 fully automated transit system
BERLIN, GERMANY, May 31, 2010 (MARKETWIRE via COMTEX) -- Bombardier Transportation has signed a contract with Saudi Oger Limited., a leading Saudi Arabian construction company, for the supply, installation, operation and maintenance of a 3.6-km (2.2-mi.) BOMBARDIER INNOVIA Monorail 300 system for the King Abdullah Financial District, the new financial and business centre under development in Riyadh, Kingdom of Saudi Arabia.
Saudi Oger Limited, as the contractor responsible for the full turnkey construction of the new Monorail system, was awarded the contract by the Rayadah Investment Company, the investment vehicle of the Public Pension Agency of the government of the Kingdom of Saudi Arabia on April 14, 2010.
Bombardier, as subcontractor to Saudi Oger, will design and supply all of the system-wide Electrical and Mechanical (E&M) elements for the six-station monorail system, including six INNOVIA Monorail 300 trains (12 cars) with BOMBARDIER CITYFLO 650 automatic train control technology for driverless operation as well as providing project management, systems engineering and integration, testing and commissioning. Engineering and design for the Monorail vehicles will be centered at Bombardier's site in Kingston, Canada, and manufacturing of the 12 cars will be carried out by Bombardier in Pittsburgh, USA. Together with Saudi Oger, Bombardier will also provide its branded INNOVIA O&M operation and maintenance services for the system for an initial contractual period of 10 years. The total value of Bombardier's contract is $241 million US (195 million euros). Completion of the 3.6-km (2.2-mi.) INNOVIA Monorail system is scheduled in 2012, with operation and maintenance services to commence at the start of revenue service.
Commenting on the announcement, Andre Navarri, President and COO of Bombardier Transportation, said: "As the global leader in the supply and operation of turnkey transit systems, we are exceptionally proud to secure our first major project in the Kingdom of Saudi Arabia and to be associated with the prestigious King Abdullah Financial District. Our next generation INNOVIA Monorail 300 system combines service-proven driverless technology with the latest in wide-bodied, lightweight, aerodynamically styled monorail trains. They provide superior value and performance for demanding and sophisticated users. The long-term nature of our Operation and Maintenance contract further underlines our commitment to building Local Roots in the Kingdom of Saudi Arabia and with other countries in the Gulf Cooperation Council."
About Systems Division
Bombardier Transportation's Systems Division has delivered 60 transit systems in 16 countries around the globe; 32 of which are operating in urban applications and 22 in world leading airports. The Division's range of solutions includes the driverless INNOVIA family of APM (automated people mover), ART (advanced rapid transit) and Monorail systems, as well as light rail, metro and intercity systems. The Division also has more than 35 years of experience in providing comprehensive operation and maintenance services.
About Bombardier Transportation
Bombardier Transportation, the global leader in rail technology, offers the broadest portfolio in the rail industry and delivers innovative products and services that set new standards in sustainable mobility. BOMBARDIER ECO4 technologies - built on the four cornerstones of energy, efficiency, economy and ecology - conserve energy, protect the environment and help to improve total train performance. Bombardier Transportation is headquartered in Berlin, Germany and has a presence in over 60 countries. It has an installed base of over 100,000 vehicles worldwide.
About Bombardier
A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2010, were $19.4 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at
www.bombardier.com.
About Saudi Oger Limited
Saudi Oger, established in 1978 as a construction company in Riyadh, gained growth momentum with the founding of Oger International in Paris in 1979. Since its inception, Saudi Oger has become one of the leading Construction, Facilities Management Service Provider and Infrastructure Project Development companies in The Kingdom of Saudi Arabia and the region. In relatively short period of time Saudi Oger Ltd. has grown into a multi-company, multi-divisional organization with subsidiaries and affiliates in the Kingdom of Saudi Arabia; UAE; Jordan; China; USA; Paris; & Morroco. Saudi Oger has undertaken several prestigious and complex projects that utilize advanced engineering and construction technologies. Saudi Oger line of business covers Construction, Facilities Management, Real Estate Development, Printing, Telecommunication, Utilities and IT services Saudi Oger works to meet the highest standards in client satisfaction through services that matches international standards. News and information are available on
www.saudioger.com
Note to Editors
A photo is available on our web site at:
https://www.transportation.bombardier.com.
BOMBARDIER, INNOVIA, CITYFLO and ECO4 are trademarks of Bombardier Inc. or its subsidiaries.
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