Bombardier Receives Contract from Land Transport Authority of Singapore for 219 Driverless Metro Cars Valued at Approximately 298 Million Euros: Financial News

Bombardier Receives Contract from Land Transport Authority of Singapore for 219 Driverless Metro Cars Valued at Approximately 298 Million Euros
Friday November 7, 2008 4:05 am ET

Already Has Orders for Over 3,300 MOVIA Cars for Cities Such As London, Shanghai and New Delhi, Amongst Others

BERLIN, GERMANY--(MARKET WIRE)--Nov 7, 2008 -- Bombardier Transportation announced today that it has received an order for 219 driverless BOMBARDIER MOVIA metro cars from the Land Transport Authority of Singapore (LTA). The contract is valued at approximately million 298 million euros ($380 million US / S$571 million) for the design, engineering, manufacturing, assembly, testing, commissioning and delivery of the driverless MOVIA metro vehicles consisting of 3-car trainsets. Deliveries are scheduled to begin in the last quarter of 2012 and to be completed in mid 2016.

The driverless metro cars will cater to the Singapore Downtown Line Stages I, II and III which will run fully underground. The 40-km long line will transport almost half a million passengers every day, thus further enhancing commuter mobility, and also helping promote a greener mode of transportation for Singapore.

The proposed MOVIA metro vehicles integrate the world's most advanced technologies in metro vehicle manufacturing. The vehicles are able to operate under a fully automated mode and have high capacity aluminium carbodies developed from a standardised platform, ensuring a high degree of reliability, safety and low life-cycle cost. The trains are designed for a maximum design speed of 90km/h and a maximum operational speed of 80km/h. The MOVIA metro vehicles are environmentally-friendly through the use of the latest propulsion technology with low energy consumption, optimised performance and are also up to 90% recyclable.

Kristian Mikkelsen, President, Business Unit Asia, Passengers Division, Bombardier Transportation said: "Singapore is renowned for its world-class transportation system and we are proud to provide our state-of-the-art vehicles for the Singapore Downtown Line. Our status as the world's number one metro supplier is supported by the fact that we provide metro cars to many major cities around the world, such as New York, Paris, London, Berlin, Shanghai, New Delhi, amongst many others. We believe our proven and reliable vehicles as well as our responsive and cooperative management style will meet the expectations of LTA."

He added, "Bombardier has proposed a high quality product at excellent value to Singapore and we are excited and at the same time humbled to have LTA as our newest customer for our MOVIA driverless metro vehicles. This contract is definitely a significant milestone for Bombardier and our presence in Asia. We are committed to ensuring the delivery of the vehicles and establishing a reputable footprint in Singapore and the region, as well as around the world. We look forward to employing more local expertise to support the introduction of the new fleet into the network."

Note to Editors: A photo is available on our web site at: http://www.transportation.bombardier.com

About Bombardier Metro vehicles

Bombardier is the number one supplier of metro vehicles worldwide. More than 3,300 MOVIA metro cars have already been ordered from the company to date. Bombardier metros are vital elements for mobility in cities like New York, Montreal, Toronto, Paris, London, Berlin, Bucharest, Stockholm, Shanghai, Shenzhen, Guangzhou, New Delhi and many others. In Asia, Bombardier metro cars are in service with operators in Shanghai, Guangzhou, Shenzhen and Hong Kong. In June 2006, Bombardier celebrated the delivery of its 1,000th metro car to customers in Guangzhou Province.

About Bombardier Transportation

Bombardier Transportation has its global headquarters in Berlin, Germany with a presence in over 60 countries. It has an installed base of over 100,000 vehicles worldwide. The Group offers the broadest product portfolio and is recognized as the leader in the global rail sector.

About Bombardier

A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended Jan. 31, 2008, were $17.5 billion US, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com.

BOMBARDIER and MOVIA are trademarks of Bombardier Inc. or its subsidiaries.