Wednesday, August 27th31.7°C
22663
21739

Ontario orders new GO Transit rail cars from Bombardier Transportation

MONTREAL - The Ontario government says it's placing an order for new GO Transit suburban rail cars to be built at Bombardier Transportation's plant in Thunder Bay, Ont.

The order could be worth up to $481 million if the government buys all 140 cars. So far, it has placed firm orders for 65 of the two-level passenger cars and taken out options for another 75.

Montreal-based Bombardier (TSX:BBD.B) says the firm order is worth $190 million.

Deliveries are expected to begin in June 2016.

The provincial government says the order will support 250 jobs at Bombardier's plant in northwestern Ontario.

The new cars will be added to the GO Transit fleet, which serves commuters in Toronto and surrounding communities.

The Canadian Press


Read more Business News

21336


Recent Trending




Today's Market
S&P TSX15602.65-16.56
S&P CDNX1019.343.98
DJIA17122.0115.31
Nasdaq4569.622-1.015
S&P 5002000.12+0.10
CDN Dollar0.9204+0.0075
Gold1281.70-2.1001
Oil93.83-0.03
Lumber347.10-2.10
Natural Gas3.974+0.063

 
Okanagan Companies
Pacific Safety0.20+0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.07+0.005
Anavex Life Sciences0.24-0.01
Metalex Ventures0.08+0.005
Russel Metals36.60-0.02
Copper Mountain Mining2.96-0.07
Colorado Resources0.18+0.005
ReliaBrand Inc0.115+0.02
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.24-0.01

 



22942

FEATURED Property
1905706574 Vintage Terrace Road
8 bedrooms 8 baths
$571,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


How much mortgage should you carry?

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...


What is a journey without a destination?

Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...


Joint accounts: what you need to know!

Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...

_








Member of BC Press Council


22707