(The following story is from Reuters.)
MONTREAL — A group that includes Bombardier Inc., has signed a $1 billion contract to operate a commuter train system for the Massachusetts Bay Transportation Authority over five years, the company said on Tuesday.
Massachusetts Bay Commuter Railroad Co., 20 percent owned by Bombardier, won the contract to operate and maintain the authority’s fleet of 377 coaches, 80 locomotives and 38 work trains. The commuter network, the fifth-largest in the United States, is operated by Amtrak.
“We should be operational in July,” Carol Sharpe, spokeswoman for Bombardier’s Transportation unit, told Reuters.
Sharpe said the transportation authority announced the contract in late December, but the agreement was signed only on Tuesday.
Other members of the consortium include the North American subsidiary of European rail concern Connex, the transport division of France-based Vivendi Universal’s 41 percent-owned Vivendi Environnement unit, and Alternate Concepts Inc., a Boston transportation consulting firm.
Bombardier’s class B shares were flat at C$5 on the Toronto Stock Exchange on Tuesday.