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Bombardier: wins Chinese high-speed train deal

(CercleFinance.com) - Bombardier's Chinese joint venture has been awarded a contract to supply 160 train cars for China's high-speed rail network in a deal valued at 427 million dollars (about 380 million euros).

The cars - which will be supplied to China Railway - will be configured into ten 16-car trains with an operating speed of 350 km/h, the Canadian aircraft and train maker said.

All the cars will be delivered by mid-2020.

The seven joint ventures Bombardier has in China - which have more than 8,000 employees - have now delivered 4,500 railway passenger cars, 580 electric locomotives and over 2,500 metro cars and trams to China's growing rail transit markets, the group said.

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