Bombardier and Siemens awarded contract

Tue Sep 2, 2008 5:01pm EDT
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TORONTO (Reuters) - Bombardier Inc BBDb.TO and German engineering group Siemens AG SIEGn.DE said on Tuesday they have won an order to provide coaches to Swiss Federal Railways in a contract worth about 189 million euros ($277 million).

The two companies will supply 121 low-floor, double-deck coaches, with an option for an additional 40 coaches, which would increase the value of the contract. Deliveries are scheduled for between mid-October 2010 and March 2016.

Under the contract, Siemens' share amounts to up to 122 million euros, while Montreal-based Bombardier's share will be up to 67 million euros, the companies said.

Siemens will build the bodies of the cars in Vienna, and Bombardier will do the final assembly and commissioning at its site in Villeneuve, Switzerland.

The coaches are designed to be handicapped accessible, with low-floor entries and accessible toilets.

(Reporting by Leah Schnurr; Editing by Frank McGurty)