Sunday, February 1st-0.7°C
24624
24977

Bombardier picked as one supplier in major South African locomotive contract

MONTREAL - Bombardier Inc. is one of four companies picked to supply a total of 1,064 locomotives to South Africa's state-owned freight rail system.

Transnet Freight Rail says the total contract is worth 50 billion rand, or about C$5.16 billion.

Bombardier's announcement didn't disclose how much its share of the contract is worth but a spokesman said the company will supply 240 electric locomotives.

In total, Transnet said it's buying 599 electric locomotives from Bombardier and CSR Zhuzhou Electric and 465 diesel engines will be supplied by General Electric and CNR Rolling Stock.

Montreal-based Bombardier (TSX:BBD.B) said it will build all its Traxx Africa design locomotives in South Africa.

"This implies investments in local manufacturing capacity, training and further improving the skills development of local employees, while working with local partners to achieve the same objectives," Bombardier said in its statement.

The Canadian company, which is more involved in passenger rail equipment and commuter systems than freight equipment, has been in South Africa since 1995.

Bombardier and its consortium partners have been involved in providing trains and signalling systems for commuter services in the Johannesburg-Pretoria region and a modernization of the rail control system in the main corridors around Durban, South Africa.

The Canadian Press


Read more Business News

25007


Recent Trending




Today's Market
S&P TSX14673.48+37.521
S&P CDNX676.81+9.70
DJIA17164.95-251.90
Nasdaq4635.24-48.167
S&P 5001994.99-26.26
CDN Dollar0.7874+0.0019
Gold1286.60-5.10
Oil50.07+3.16
Lumber321.80+0.70
Natural Gas2.87-0.111

 
Okanagan Companies
Pacific Safety0.120.00
Knighthawk0.010.00
QHR Technologies Inc1.400.00
Cantex0.035-0.005
Anavex Life Sciences0.174-0.006
Metalex Ventures0.040.00
Russel Metals23.42-0.16
Copper Mountain Mining0.99+0.01
Colorado Resources0.150.00
ReliaBrand Inc0.01+0.0031
Sunrise Resources Ltd0.050.00
Mission Ready Services0.2350.00

 



20760

FEATURED Property
13307034835 Paradise Valley Drive - Peachland
2 bedrooms 1 baths
$128,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Leaving a job: changing careers

Many people, who find themselves out of work and with time on their hands, and money in their pockets due to lay-off, start thinking about a career change. If you weren’t happy with the directio...


Service fit makes happy employees

Finding the right employees for the front lines of your company is key to developing a great service attitude within your company. It is just as important as hiring the right accountant, manager, sale...


How to price: workbook approach

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The book is now available in Europe, India, Russia and the United States. The purpose of the book was to make avai...

_








Member of BC Press Council


24720