Bombardier Finalizes Contract For The Supply Of A $729-Million Rapid Transit System In Taiwan

Bombardier Transportation has finalized a contract with Kung Sing Engineering Corporation (KSECO), a Taiwanese construction company, to supply the electrical and mechanical (E&M) works of a 15-km rapid transit system, including 202 vehicles, for the new Neihu Line in the City of Taipei, Taiwan. On April 28, 2003, Bombardier announced that it had been selected by KSECO to supply the transit systems portion of the Neihu Line, an extension to the existing Mucha Line. Following the finalization of the contract with KSECO, the E&M contract awarded to Bombardier is valued at approximately $729 million Cdn. ($18.5 billion NT). Notice to proceed will follow by the end of June 2003.

KSECO, as the contractor responsible for the turnkey construction of the new extension, has signed a separate contract with the Department of Rapid Transit Systems (DORTS) of the Taipei City Government on June 12, 2003, valued at approximately $1.3 billion Cdn ($32.87 billion NT).

Bombardier, as the prime subcontractor to KSECO, will design and supply all of the system-wide E&M elements for the 12-station Neihu Line, including the deployment of the Bombardier Flexiblok* automatic train control (ATC) technology that will be used to retrofit the automatic train control system on the existing Mucha Line, its 102 vehicles and some of the equipment in its existing 12 stations.

“The new Neihu Line will play a pivotal role in the City’s future plans for greater mobility,” said Patrice Pelletier, President, Total Transit Systems, Bombardier Transportation, “by responding effectively to the dynamic increase in urbanization.” The mostly elevated Neihu Line will open in three stages; the completion of the first 10 km and delivery of 60 vehicles is anticipated in the summer of 2007, with the two remaining stages to be completed in late fall of 2007 and spring of 2008.

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).

* Trademarks of Bombardier Inc. or its subsidiaries

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For information:
Lydia Dufresne
Coordinator, Communications
+1 450 441-8130