Bombardier contracts for 330 million euros worth of locomotives.
Bombardier (TSX: T.BBD.B, Stock Forum) today announced that the transportation company has received locomotive orders valued at approximately 330 million euros (US$485 million). Two contracts make up the total sum, one with New Jersey Transit Corporation (NJ TRANSIT) for 26 dual-powered passenger locomotives, and one with Montreal’s Agence Metropolitaine de Transport (AMT) for 20 dual-powered locomotives.
According to Bombardier, the new dual-powered locomotives will be capable of operating under both diesel power and alternating current electric power from overhead sources – “a first in North America.” The flexible power system will enable the locomotives to operate across the entire NJ TRANSIT and AMT rail systems, which include both electrified and non-electrified lines, says Bombardier.
President of the Locomotives and Equipment Division for Bombardier Transportation, Ake Wennberg, said, “We are proud to support NJ TRANSIT and AMT in their continuing commitment to provide modern, efficient, environmentally-friendly passenger rail service. These two orders for new locomotives illustrate the confidence both agencies place in Bombardier and our products.”
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