Bombardier's Chinese Joint Venture Wins its First Monorail Contract in China

BERLIN, GERMANY--(Marketwired - Dec. 18, 2017) -

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Rail technology leader Bombardier Transportation announced today that the CRRC Puzhen Bombardier Transportation Systems Limited (PBTS), a joint venture (JV) between Bombardier Transportation and the Chinese CRRC Corporation Limited (CRRC), has been awarded its first monorail contract in China. The order is to provide the BOMBARDIER INNOVIA Monorail 300 platform, along with a total of 240 cars to Wuhu City in Anhui Province. The total contract is valued at approximately 1.785 billion CNY (229 million euro, $270 million US). Bombardier owns 50% of the shares in PBTS, which is consolidated by Bombardier Transportation's partner CRRC Nanjing Puzhen Limited.

Planned to open in 2020, the new 24-station, 30.3km Line 1 and the 12-station, 16.5km Line 2 Phase One, will be the first two monorail lines in Wuhu and will form the rail transportation backbone in the city. PBTS' scope under this contract will comprise the design, supply, Line 1 installation with 28, six-car trains and Line 2 Phase One installation with 18, four-car trains.

Jianwei Zhang, President of Bombardier China said, "We are very proud to have been selected by Wuhu city to provide our first, and the most modern monorail system in China. Medium capacity monorails are a highly-efficient and environmentally-friendly alternative to metros and Bombardier's experience, having delivered monorail technology for over 20 years including operating and maintaining these systems, was the core reason why Wuhu city chose our joint venture. This choice will ensure that Wuhu gets a reliable and green transportation system that better serves its passengers. We are confident that the monorail will become an icon for Wuhu city and we will see more Bombardier Monorail systems in other Chinese cities in the future."

Bombardier Transportation is the world's leading supplier of fully automated, driverless monorail systems. The INNOVIA Monorail 300 system is its latest evolution in medium capacity monorail technology. The combination of lightweight carbody design and other advanced system technologies results in substantial energy savings compared to other monorail and metro technologies. The INNOVIA Monorail 300 also brings futuristic aesthetics, spacious interiors and a smooth ride for passengers. Its inter-car walk through provides free passenger flow and enhances passenger safety, and its flexible seating arrangements permit optimization of the system to suit customer specific requirements. Fully automated driverless operation also allows for frequent, safe and reliable service, attracting more passengers and generating more revenue.

About Bombardier Transportation

Bombardier Transportation is a global leader in rail technology and offers the broadest portfolio in the industry. It covers the full spectrum of rail solutions, ranging from trains to sub-systems and signalling. The company also provides complete transport systems, e-mobility technology and maintenance services. As an innovation driver, Bombardier Transportation continuously breaks new ground in sustainable mobility. It provides integrated solutions that create substantial benefits for operators, passengers and the environment. Headquartered in Berlin, Germany, Bombardier Transportation employs around 37,150 people and its products and services operate in over 60 countries.

About Bombardier

Bombardier is the world's leading manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Bombardier is headquartered in Montréal, Canada and our shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2016, we posted revenues of $16.3 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

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