MONTREAL (dpa-AFX) - Bombardier Transportation announced that its Chinese joint venture, Bombardier Sifang (Qingdao) Transportation Ltd., has secured a contract from China Railway Corp. to supply 120 CR400AF new Chinese standard high-speed train cars. The total contract is valued at approximately 2.2 billion CNY or $324 million.
Bombardier Transportation noted that 120 cars will be configured into five 8-car trainsets and five 16-car trainsets with an operating speed of 350 km/h.
Bombardier Transportation owns 50% of the shares in BST, which is consolidated by Bombardier Transportation's partner CRRC Sifang Co., Ltd.
BST has won this contract with first delivery in October, and all the delivery by the end of this year.
Copyright RTT News/dpa-AFX