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9/28/2009
Bombardier Transportation recently announced that its Chinese joint venture, Bombardier Sifang Qingdao Transportation Ltd., won a $4 billion contract from the Chinese Ministry of Railways to supply 80 ZEFIRO 380 very high-speed trains.
The firm will build 1,120 cars for the rail agency, with 20 eight-car trainsets and 60 16-car trainsets. The first trains are scheduled to be delivered in 2012, with final deliveries expected in 2014. The trains will be capable of reaching speeds up to 230 mph, and will feature Bombardier's MITRAC propulsion and control system and the company's ECO4 energy-saving technologies.
Bombardier's share of the contract is about $2 billion.
Established in 1998, Bombardier Sifang (Quingdao) Transportation Ltd. is a joint venture between Bombardier and CSR Sifang Locomotive and Rolling Stock Ltd. dedicated to supplying passenger-rail rolling stock for China. Since its inception, the joint venture has delivered more than 1,000 passenger-rail cars to China, which currently is developing 3,700 miles of new high-speed rail lines.