Bombardier’s contract further strengthens the joint venture’s position in China’s evolving high-speed rail market
Bombardier Transportation leader in Rail technology announced that its Chinese joint venture, Bombardier Sifang Transportation Ltd. (BST), has been awarded a contract. With China Railway Corp. (CRC) to supply 120 CR400AF new Chinese standard high-speed train cars for China’s evolving high-speed rail network. The 120 cars will be configured into five 8-car trainsets and five 16-car trainsets with an operating speed of 350 km/h. The total contract is valued at approximately 2.2 billion CNY. Bombardier Transportation owns 50% of the shares in BST, which is consolidated by Bombardier Transportation’s partner CRRC Sifang Co., Ltd.
Bombardier Transportation is a global mobility solution provider leading the way with the rail industry’s broadest portfolio. It covers the full spectrum of solutions, ranging from trains to sub-systems and signaling to complete turnkey transport systems, e-mobility technology, and data-driven maintenance services. Combining technology and performance with empathy, Bombardier Transportation continuously breaks new ground in sustainable mobility by providing integrated solutions that create substantial benefits for operators, passengers, and the environment. Headquartered in Berlin, Germany, Bombardier Transportation employs around 39,850 people and its products and services operate in over 60 countries.
High-speed rail market
BST won this contract to build five 8-car trainsets and five 16-car CR400AF high-speed trains with first delivery in October, and all the delivery by the end of this year. The delivery within three months reflects the confidence the customer has in BST’s high efficiency and competitiveness. That also demonstrates why BST was awarded its first new generation of high-speed train order.
Jianwei Zhang, President, Bombardier Transportation China said that they are very proud to be qualified, through the joint venture BST, to supply the new generation of high-speed railway CR400. 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. CRC is one of Bombardier’s most important customers and also their long-term strategic partner. They are confident to deliver high-quality products and work more closely with CRC to further contribute to the Chinese economy.