Montreal-based Bombardier confirms US$1.2 billion in British railway contracts

September 30, 2016 - 7:48 AM

MONTREAL - Bombardier has signed previously announced US$1.2 billion in contracts to supply and maintain railway cars that will secure 1,000 jobs at its Derby facility in England.

The company will supply 665 Aventra railcars to government-selected railway operator Abellio as part of a broader effort to improve service in the region of East Anglia.

The entire project is described as the largest privately-procured train order in the U.K.

In addition to the US$1.1 billion deal, Bombardier (TSX:BBD.B) signed a separate US$108-million maintenance contract for seven years.

The new trains are expected to be delivered between January 2019 and September 2020.

News from © The Canadian Press, 2016

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