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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Bullboard Posts
Post by reyesingupon May 07, 2020 3:33pm
193 Views
Post# 30999639

Bombardier wins supply contract for Delhi-Meerut RRTS today!

Bombardier wins supply contract for Delhi-Meerut RRTS today!

 

Bombardier wins supply contract for Delhi-Meerut RRTS

 

2020-05-07 13:40 ET - News Release

 

Mr. Rajeev Joisar reports

BOMBARDIER WINS CONTRACT TO SUPPLY 210 COMMUTER AND INTRACITY CARS FOR THE DELHI-MEERUT REGIONAL RAPID TRANSIT SYSTEM

Bombardier Inc.'s Bombardier Transportation has received a letter of award from India's National Capital Region Transport Corporation (NCRTC) to build and deliver regional commuter and intracity transit trains with comprehensive maintenance services for the Delhi-Ghaziabad-Meerut semi-high-speed rail corridor under phase 1 of the regional rapid transit system (RRTS). The project scope involves supplying 30 regional commuter train sets of six cars each and 10 intracity mass transit train sets of three cars each, together with 15 years of rolling stock maintenance. The letter of award is valued at approximately 25.77 billion Indian rupees (314 million euros, $340-million (U.S.)) and the customer has a provision to exercise an option of additional 90 cars and two years of maintenance.

Vinay Kumar Singh, managing director at NCRTC, said: "Finalization of the rolling stock bid process is an important milestone in the implementation of India's first regional rapid transit system (RRTS) project. Our partnership with Bombardier Transportation to supply 100 per cent locally manufactured train sets for the entire Delhi-Ghaziabad-Meerut RRTS with over 83-per-cent local content will be a shot in the arm for the 'make in India' initiative of the government of India. We are confident that, together, we will deliver this transformational project in time to fulfill the aspirations of the residents of the national capital region contributing to improvement in their quality of life."

Rajeev Joisar, country leader for India at Bombardier Transportation, said: "We are proud to be chosen to deliver India's flagship regional rapid transit system project, which will expand public transport in the national capital and connect adjoining fast-growing cities. Our new trains will be truly designed and manufactured in India, and they will enhance passenger comfort and safety." He added: "This project award for India's first and most advanced semi-high-speed regional trains, together with maintenance services, reaffirms Bombardier's pioneering position in India's rail industry. This is also the first project in India for regional and local transit services operating on the same network, progressively realizing India's vision for the multimodal integration of transport networks."

The project will be executed in accordance with Indian Prime Minister Narendra Modi's flagship "make in India" guidelines, with the trains being manufactured at Bombardier's Vadodara sites in India. The rolling stock will be designed at the global engineering and technology centre in Hyderabad, India, and local teams will provide maintenance services through two project and maintenance depots established by the company's customer in Duhai and Modipuram. It is India's first project to include maintenance services as part of rolling stock tender process, and Bombardier will deliver globally proven maintenance solutions to ensure safe and reliable train operations.

The 82-kilometre Delhi-Ghaziabad-Meerut RRTS will boast a 180-kilometre-per-hour design speed, first-of-its-kind rolling stock in India for regional transit services, and will be implemented in phases between the cities. The corridor will have 24 stations and, besides offering high-speed commuter services on the corridor, the infrastructure will also be used for offering local transit services in Meerut. The trains will reduce travel time from Delhi to Meerut to less than 60 minutes and daily expected ridership is around 800,000 passengers. Local transit services between Meerut South and the Modipuram Depot station with 13 stations over 21 kilometres on RRTS infrastructure will meet the local mobility needs of Meerut citizens and will provide efficient regional connectivity.

With around 1,500 employees, Bombardier Transportation in India operates a railway vehicle manufacturing site and bogie assembly hall at Savli, near Vadodara, Gujarat. This is in addition to a propulsion system manufacturing facility at Maneja, near Vadodara, a rail control solutions centre for project delivery and product engineering, and an information services India hub near Gurugram, Delhi NCR, and an engineering centre in Hyderabad.

About Bombardier Inc.

With over 60,000 employees across two business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. The company's products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

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