Bombardier Wins Contract to Provide 396 MOVIA Metro Cars for Singapore's North-South and East-West Lines
Bombardier Transportation / Bombardier Wins Contract to Provide 396 MOVIA Metro Cars for Singapore's North-South and East-West Lines . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely responsible for the content of this announcement.
- New order of 396 metro cars bring the number of MOVIA vehicles in Singapore to 672, making it one of Bombardier's largest metro fleet in the world
- The two high-capacity Mass Rapid Transit (MRT) lines total 102 km and serve 61 stations with an average daily combined ridership of 1.8 million
BERLIN, July 26, 2018 (GLOBE NEWSWIRE) --
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Rail technology leader Bombardier Transportation today announced that it has signed a contract with Singapore's Land Transport Authority (LTA). The contract's scope covers the supply of 396 BOMBARDIER MOVIA metro cars for passenger services on the high-capacity North-South (NSL) and East-West (EWL) Mass Rapid Transit (MRT) lines. The contract is valued at approximately 827 million SGD ($607 million US, 519 million euro). The contract includes an option for long-term service support, and if exercised by SMRT Corporation Ltd, the total contract could be worth up to 1.2 billion SGD ($881 million US, 753 million euro).
Commenting on the award, Laurent Troger, President of Bombardier Transportation, said, "The proven MOVIA metro is a world leading high-performing mobility solution designed to improve public transport reliability in densely populated and fast-growing cities. For more than 20 years, Bombardier has been a strategic mobility partner to the Singapore Land Transport Authority, built on a strong track record of delivery performance, best-in-class rail technology and service excellence. Bombardier is proud to be a significant contributor to Singapore's public transport network and to support LTA's ambitious expansion plans to grow its rail network to 360 km by 2030."
The modern MOVIA metro vehicles integrate some of the world's most advanced mobility technologies including the BOMBARDIER MITRAC propulsion and control system that manages the flow of both onboard and subsystem information as well as data between the vehicle and the rail infrastructure. In its six-car configuration, the new order of 396 metro cars bring the number of MOVIA vehicles in Singapore to 672, making it one of Bombardier's largest metro fleet in the world and provide a much-needed reliability improvement on two of LTA's high-capacity lines. Combined, the two lines, running both above and underground, total 102 km in length and serve 61 stations, with an average daily combined ridership of more than 1.8 million.
Over the last 20 years in Singapore, Bombardier has delivered 276 driverless MOVIA metro cars for Singapore's Downtown Line and 13 INNOVIA APM 100 automated people mover cars for the Bukit Panjang Light Rail Transit (LRT) system. Earlier this year, a new asset replacement contract was awarded to supply 19 new INNOVIA APM 300 cars, to retrofit 13 existing APM 100 cars, as well as to deliver a signalling system upgrade for 13 stops on the Bukit Panjang LRT Line.
About Bombardier Transportation
Bombardier Transportation is a global leader in rail technology and offers the broadest portfolio in the industry. It covers the full spectrum of rail solutions, ranging from trains to sub-systems and signalling. The company also provides complete transport systems, e-mobility technology and maintenance services. As an innovation driver, Bombardier Transportation continuously breaks new ground in sustainable mobility. It provides integrated solutions that create substantial benefits for operators, passengers and the environment. Headquartered in Berlin, Germany, Bombardier Transportation employs around 39,850 people and its products and services operate in over 60 countries.
With over 69,500 employees across four business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.
Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2017, Bombardier posted revenues of $16.2 billion US. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
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