Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Bombardier to Deliver Technology for New Metro Line in Riyadh

Bombardier to Deliver Technology for New Metro Line in Riyadh

Prestigious new city metro system in the Kingdom of Saudi Arabia will redefine urban public transport in the region

BERLIN, GERMANY--(Marketwired - July 29, 2013) - Rail technology leader Bombardier Transportation announced today that, as a member of the ArRiyadh New Mobility Consortium (ANM), it has won a contract to deliver technology for the new metro line 3 in Riyadh, Kingdom of Saudi Arabia. The contract involves system interface management, project management and design, as well as the delivery of 47 two-car driverless BOMBARDIER INNOVIA Metro 300 trains equipped with BOMBARDIER MITRAC propulsion technology. The total value of the consortium's contract is approximately $5.9 billion US (4.5 billion euro) with Bombardier's share valued at approximately $383 million US (289 million euro).

The customer is the High Commission for the Development of Arriyadh represented by the Arriyadh Development Authority (ADA). The new Riyadh Metro system will comprise six metro lines totalling approximately 176 km, which will form the backbone of the city's new world class public transport network. All six lines are to be implemented over five years.

Line 3, also known as the Red Line, is a turnkey project that includes the civil construction of the 40.7 km alignment, including 22 stations, electrical and mechanical (E&M) equipment and rolling stock. The consortium comprises two groups that will design, build, construct and commission Line 3. The electrical and mechanical equipment for the driverless metro system will be delivered by the Electrical Work Group (EWG) whose members are Ansaldo STS and Bombardier Transportation. System infrastructure will be delivered by the Civil Work Group (CWG) whose members include Salini-Impregilo, Larsen &Toubro, and Nesma.

The new INNOVIA vehicles will be equipped with Bombardier's proven MITRAC propulsion technology that provides highly reliable and safe operation with low life-cycle costs. Passenger-friendly interiors will provide three classes of accommodation: First Class, Family Class and Standard Class, with inter-car walk-through for comfortable passenger flow, as well as advanced security features. An integrated strategy to design, test and deliver the rolling stock together with Ansaldo STS's Automatic Train Control (ATC) system for driverless operation has been devised. It includes the use of Bombardier's Kingston Test Track facility in Canada.

About Bombardier Transportation

Bombardier Transportation, a 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. The company has established a wholly-owned subsidiary in the Kingdom of Saudi Arabia and is currently delivering three turnkey system projects in the Gulf Region, in Riyadh, Jeddah and Dubai. Bombardier Transportation is headquartered in Berlin, Germany, and has a very diverse customer base with products or services in more than 60 countries. It has an installed base of over 100,000 vehicles worldwide.

About Bombardier

Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indexes. In the fiscal year ended December 31, 2012, we posted revenues of $16.8 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Note to Editors

For news releases, related material and photos, visit our media centre at www.bombardier.com/en/media-centre.html.

Follow Bombardier Transportation on Twitter @BombardierRail.

BOMBARDIER, INNOVIA and MITRAC are trademarks of Bombardier Inc. or its subsidiaries.

FOR INFORMATION

Australia and New Zealand: +61 3 9794 2223
John Ince, john.ince@au.transport.bombardier.com
Canada:+1 450 441 3007
Marc Laforge, marc.laforge@ca.transport.bombardier.com
China: +86 10 8517 2268
Flora Long, flora.long@cn.transport.bombardier.com
France, Benelux and North Africa: +33 6 07 78 95 38
Anne Froger, anne.froger@fr.transport.bombardier.com
Germany, Austria, Switzerland, Central and Eastern Europe: +49 30 98607 1134
Immo von Fallois, immo.von_fallois@de.transport.bombardier.com
India and Japan: +91 7 838 660 093
Harsh Mehta, harsh.mehta@in.transport.bombardier.com
Mexico: +52 55 5093 7714
Paulina Ortega, paulina.ortega@mx.transport.bombardier.com
Nordic and Baltic Countries: +46 10 852 5213
Pär Isaksson, paer.isaksson@se.transport.bombardier.com
South East Asia: +65 6478 6235
Evon Lam, evon.lam@sg.transport.bombardier.com
Southern Africa, Turkey and Israel: +49 30 98607 1147
Sandy Roth, sandy.roth@de.transport.bombardier.com
Southern Europe and South America: +35 1 919 693 728
Luis Ramos, luis.ramos@pt.transport.bombardier.com
UK and Middle East: +44 7785 450 065
Stephen Bethel, stephen.bethel@uk.transport.bombardier.com


Contact Information
USA: +1 450 441 3007
Maryanne Roberts
maryanne.roberts@us.transport.bombardier.com

Bombardier Transportation
www.theclimateisrightfortrains.com




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Bombardier Transportation via Thomson Reuters ONE

HUG#1719545
Tags:


Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today