Bombardier Wins USD453mln Chinese Govt Rail Contract
Global mobility solution provider Bombardier Transportation's Chinese joint venture (JV) has won a $453 million contract to supply 168 high-speed train cars to state-owned China Railway Corp (CRC).
According to Bombardier Sifang (Qingdao) Transportation (BST), the JV, it is the second order win this year for China’s growing high-speed network.
"The new contract, awarded by CRC, is to supply 168 CR400AF new Chinese standard high-speed train cars and is valued at approximately CNY 3.1 billion ($453 million)," said the release.
Bombardier Transportation owns 50% of the shares in BST, which is consolidated by Bombardier Transportation’s partner CRRC Sifang Co., Ltd. The 168 cars will be configured into fifteen 8-car trainsets and three 16-car trainsets with an operating speed of 350 km/h.
Jianwei Zhang, President, Bombardier Transportation China, said, “This repeat order comes just three months after the previous, clearly demonstrating the pace of development in the Chinese high-speed rail market as well as the trust that CRC has placed in our products and performance. We are confident that our ability to consistently meet our customers’ quality, quantity, timing and cost requirements, in combination with our focus on long-term sustainable success in China, has been key to our achievements in this fiercely-competitive market.”
In September 2018, BST won its initial Chinese standard high-speed train contract and all 120 (five 8-car trainsets and five 16-car trainsets) are on schedule to be delivered by the end of this year. The on-time and quality delivery has earned the industry’s trust in BST, leading to this second order while also demonstrating the joint ventures’ efficiency and ability to compete in, and add value to high-speed rail mobility in China.
Bombardier Transportation in China is the full solution provider across the entire value chain. From vehicles and propulsion to services and design, Bombardier Transportation in China has six joint ventures, seven wholly foreign-owned enterprises, and more than 7,000 employees. Together, the joint ventures have delivered more than 4,000 railway passenger cars, 580 electric locomotives and over 2,500 metro cars, Monorail, APM (Automated People Mover), and trams to China’s growing urban mass transit markets.