Bombardier-Led Group Gets $4.1 Billion Australian Contract
18 January 2014 - 12:00AM
Dow Jones News
Bombardier Inc. (BBD.B.T) said Friday it is part of a group that
has received a $4.1 billion contract for a passenger-rail project
in Australia.
The Montreal-based transportation giant said its share of the
contract is valued at about $2.7 billion.
Bombardier will be responsible for supplying 75 electric
multiple-unit trains, a new depot and maintenance for 30 years.
The other consortium members include infrastructure investor and
asset manager John Laing (JLP.YY), Japanese trading firm ITOCHU
Corp. (8001.TO) and U.K. investment-firm Uberior.
The Queensland government project, called New Generation
Rollingstock, will upgrade and expand existing passenger
train-fleet services in south-east Queensland.
Write to Judy McKinnon at judy.mckinnon@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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