Bombardier Signs Contracts with Talgo for High Speed Rail Project in Saudi Arabia

Berlin, September 18, 2012 - Rail technology leader Bombardier Transportation announced today that it has signed contracts with Talgo SA to develop and supply components for 36 very high speed trains for Saudi Arabia. The contracts are valued at approximately 281 million euro ($367 million US). Talgo is a member of the Al Shoula consortium, led by the Spanish railway operator RENFE and the railway infrastructure company ADIF, recently contracted by the Saudi Railways Organization to build and operate a 450 km high-speed rail line connecting the cities of Mecca and Medina.

Bombardier’s supply scope for Talgo includes the BOMBARDIER MITRAC 3000 propulsion and control package, the BOMBARDIER FLEXX Power 350 high speed bogies for the power heads of the

330 km/h trains and 12-year maintenance services for the Bombardier-built systems and components. The majority of Bombardier’s manufacturing for the project will take place at its plant in Trapaga, Spain.

The technology is similar to that of the 46 AVE 102 and AVE 112 trains developed and manufactured for RENFE between 2001 and 2010. Bombardier has participated in the development of many of the world's leading high speed rail systems, including four different generations of TGV in France, the ICE trains used in Germany and the Netherlands, Italy's ETR 500 and V300ZEFIRO, Spain's AVE 102 and AVE 112, China's Xinshisu, the BOMBARDIER ZEFIRO family of high speed trains and the Acela in the USA.

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. 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 for operators and passengers. 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 Montreal, 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, 2011, we posted revenues of $18.3 billion USD. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

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Źródło informacji: Thomson Reuters