Bombardier Sifang Awarded Contract for 40 Additional High-Speed Trains in China

Bombardier Transportation announced that its Chinese joint venture, Bombardier Sifang (Qingdao) Transportation Ltd. (BST), has received an order for 40 additional CRH1 high-speed trainsets from the Chinese Ministry of Railways valued at approximately US$761 million. Bombardier’s share of the contract is valued at approximately US$373 million. BST is a joint venture between Bombardier and CSR Sifang Rolling Stock Co. Ltd. Each of the new trainsets consisting of 8 cars can carry a total of 604 passengers with a maximum speed of 250 km/h. Deliveries of the additional cars will begin in September 2010 and will be completed by the end of May 2011. Including its three joint ventures, Bombardier currently employs over 4,000 people in China.