UPDATE: Consortium of Bombardier Transportation, Orascom Construction and Arab Contractors wins contract to supply and operate two monorail lines in Egypt

BERLIN, Aug. 13, 2019 (GLOBE NEWSWIRE) -- Bombardier Transportation has issued an update to the press release published on Monday August 5, 2019 regarding the contract to supply and operate two monorail lines in Egypt. Now that the contract signing has been concluded and is legally binding, the precise value of the contract can be communicated. Based on the latest currency conversions, the total value of the design, build and O&M contract is approximately 3.72 billion euro ($4.16 billion US). Bombardier Transportation´s share is 2.36 billion euro ($2.64 billion US). Combined, Orascom Construction and Arab Contractor’s share of the overall contract is valued at approximately 1.36 billion euro ($1.52 billion US).

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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 signalling 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 40,650 people and its products and services operate in over 60 countries.

About Bombardier
With over 68,000 employees, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries as well as a broad portfolio of products and services for the business aviation, commercial aviation and rail transportation markets. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2018, Bombardier posted revenues of $16.2 billion US. The company is recognized on the 2019 Global 100 Most Sustainable Corporations in the World Index. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

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