ITOCY Itochu Corp (PK)

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

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