Bombardier Joint Venture Wins Second Contract for Chinese Railway

Bombardier Sifang (Qingdao) Transportation Ltd. (BST), a joint venture of Montreal-headquartered Bombardier Inc.'s Bombardier Transportation, has won a second contract this year to support China's evolving high-speed rail network. The new contract, awarded by China Railway Corp. (CRC), is to supply 168 new Chinese standard high-speed train cars and is valued at approximately US$453 million. Bombardier Transportation owns 50 per cent of the shares in BST, which is consolidated by Bombardier Transportation's partner CRRC Sifang Co. Ltd. The 168 cars will be configured into 15, eight-car train sets and three, 16-car train sets with an operating speed of 350 km/h. Bombardier Transportation in China has six joint ventures, seven wholly foreign-owned enterprises and more than 7,000 employees. Through its joint ventures, Bombardier also provides propulsion and signalling systems to third party metro car builders for use in more than 30 Chinese cities.

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