Bombardier’s joint venture to build 120 high-speed train cars for China
Bombardier Transportation announced Monday that its Chinese joint venture, Bombardier Sifang (Qingdao) Transportation (BST), has been awarded a contract with China Railway to supply 120 CR400AF new Chinese standard high-speed train cars for China’s high-speed rail network. The contract is valued at approximately 280 million Euros.
The 120 cars will be configured into five 8-car trainsets and five 16-car trainsets with an operating speed of 350 kilometres an hour. The first delivery takes place in October. By the end of this year, all trains are expected to be delivered.
“In China, high-speed trains have changed people’s life dramatically, it helps to close the distance between villages and cities, bridge the gaps between rural and urban, and speed up the economic growth,” President Jianwei Zhang of Bombardier Transportation China said. “We are confident to work more closely with CRC to further contribute to the Chinese economy.”
Bombardier Transportation owns 50 per cent of the shares in BST, which is consolidated by Bombardier Transportation’s partner rolling stock manufacturer CRRC Sifang. Bombardier Transportation in China has six joint ventures, seven wholly foreign-owned enterprises, and more than 7,000 employees.