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