Bombardier signs 549 mln Dollar contract with RENFE
Bombardier Transportation Signs $549 Million US Contract With Spanish National Railways RENFE To Supply 100 Traxx Locomotives
Montreal, Quebec, Canada – Bombardier Transportation signed a contract with Spanish National Railways (RENFE) for the supply of 100 TRAXX F140 DC locomotives for freight transportation. The total contract is valued at about $549 million US (416 million euros) and also includes a 14-year maintenance service agreement for this fleet of locomotives. Delivery of the first freight locomotives is scheduled to begin in the second half of 2008 and continue until 2010. Bombardier Transportation was selected to supply the new freight locomotives for RENFE on November 7, 2006.
In accordance with the contractual agreements, a portion of the vehicles, renowned for their superior reliability, will be manufactured by Bombardier at RENFE’s site in Villaverde, near Madrid. The MITRAC propulsion systems will also be manufactured by Bombardier in Spain at its Trapaga facility, Biscay. The manufacturing of this new series of locomotives will contribute strongly to Spain’s industrial and technological development.
Commenting on the announcement, André Navarri, President of Bombardier Transportation, said: "The pride of being awarded this contract reinforces our already fruitful business relationship with RENFE, a leading European rail operator that is presently implementing ambitious development plans. One of RENFE’s key objectives is to increase the share of rail freight transportation in a liberalized market sector. Bombardier`s new TRAXX locomotives will contribute to this by optimizing RENFE’s freight operations. This order is a further demonstration of the confidence that rail operators worldwide have in Bombardier products.”
The TRAXX F140 DC locomotives are designed for freight transportation in 3 kV DC networks at maximum traveling speeds of 140 km/h, offering lowest cost traction for seamless operations. The F140 DC version is a member of the TRAXX family of locomotives. The locomotives are equipped with Bombardier’s well-proven MITRAC propulsion and control technology.
The strategy applied to all Bombardier locomotives in the TRAXX family, which consists of using a number of identical parts, is highly beneficial for the customer. It makes the integration of new trains into existing fleets easily possible and keeps the costs of operation and maintenance low. In addition, the TRAXX locomotives are known for their high level of availability and serviceability over their entire life cycle. So far, almost 1000 TRAXX locomotives based on the 185 Series have been ordered with over 600 in daily operation transporting goods and passengers throughout Europe.
José Caparrós, Chief Country Representative, Spain, Bombardier Transportation, commented: “From the high-speed rail segment to the mass transit and signaling markets we are increasing our presence in more and more projects in Spain. This recent success is another confirmation of the strong role that Bombardier is currently playing in Spain. It is also a source of pride for the national railway industry as our offer adds high value to the country’s economy and technological advancement.”
Today, Bombardier Transportation is a key player in Spain’s rail industry, employing more than 500 people at its sites in Trápaga, Alcobendas, Madrid and Barcelona, and participating in some of the country’s main rail projects. The AVE S 102 very high-speed train, the AVE S130 high-speed train and the Madrid Barajas airport people mover are three such projects.
The Bombardier Transportation Group has its global headquarters in Berlin, Germany with a presence in over 60 countries. It has an installed base of approximately 97,000 vehicles worldwide. The Group offers the broadest product portfolio and is recognized as the leader in the global rail sector.
A world-leading manufacturer of innovative transportation solutions, from regional aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2006 were $14.7 billion US and its shares are traded on the Toronto Stock Exchange (BBD). News and information are available at www.bombardier.com.
TRAXX and MITRAC are trademarks of Bombardier Inc. or its subsidiaries.