Bombardier Awarded Cdn $292-Million (190-Million-Euro) Contracts For An Extension To The Las Vegas Automated Monorail System

A Consortium, comprising Bombardier Transportation and Granite Construction Company, has been awarded a design-build-equip contract by Transit Systems Development LLC for a 3.6-km (2.25-mi.) extension to the Las Vegas Resort Corridor Monorail system that is currently being built by the Consortium. In addition, Bombardier will operate the system for an initial five years with two renewable 5-year options. Bombardier will be responsible for all of the electrical and mechanical systems for the fully automated Downtown Extension, including 20 additional driverless monorail cars. Subject to financial close, notice to proceed is expected in summer 2004. The anticipated completion date of the Downtown Extension is summer 2007.

The design-build-equip contract awarded to the Consortium is valued at approximately CDN $440 million (US $336 million) and Bombardier's share is approximately CDN $178 million (US $136 million. Additionally, the 5-year Operations and Maintenance contract awarded to Bombardier carries a value of CDN $114 million (US $87 million).

Patrice Pelletier, President, Total Transit Systems, Bombardier Transportation, commented, "The Las Vegas Monorail project demonstrates the remarkable value of public private partnerships and Bombardier's advanced automated monorail technology, which helps to set the stage for future projects in Seattle and around the world." He added, "the Downtown Extension is an essential phase of the Regional Transportation Commission (RTC) of Southern Nevada's comprehensive transportation plan that will ensure easy and efficient access for the 40 million visitors to the City every year.

Bombardier Transportation's scope of work includes overall system design, vehicles, systems engineering and integration, supply of train control, communications and power supply systems, automatic fare collection, and testing and commissioning.

The previously awarded 6.4-km (4-mile) monorail for the Resort Corridor, contracted to the Consortium in September 2000, is expected to enter revenue service in early 2004. The dual-lane system links seven stations and services the entire east side of the Las Vegas strip, including the Las Vegas Convention Center. Its fleet of 36 driverless monorail cars, to be operated in nine 4-car trains, is scheduled to be delivered by the end of October 2003. Connecting to the Resort Corridor monorail at Sahara Station, the new Downtown Extension will feature four new stations and will terminate in downtown Las Vegas.

Bombardier Transportation is recognized worldwide for its superior expertise in systems engineering and integration. Since the early 1970's, Bombardier has delivered more than 45 turnkey rapid transit and people mover systems on four continents, including the San Francisco International Airport Automated People Mover (APM), USA, SkyTrain's Millennium Line extension in Vancouver, Canada, and the most recent award of Taipei's fully automated Neihu Line in Taiwan. This latest contract for the Las Vegas Downtown Extension clearly establishes Bombardier Transportation's worldwide leadership position in fully automated monorail technology.

Bombardier Transportation is the global leader in the rail equipment manufacturing and servicing industry. Its wide range of products includes passenger rail cars and total transit systems. It also manufactures locomotives, freight cars, propulsion & controls and provides rail control solutions.

Bombardier Inc., a diversified manufacturing and services company, is a world-leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montréal, Canada, the Corporation has a workforce of some 75,000 people and manufacturing facilities in 25 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2003 stood at $23.7 billion Cdn. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).

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For information:
Hélène V. Gagnon
Director, Public Affairs, North America
Phone: + 450 441 8156