October 24, 2016 / 2:18 PM / in a year

BUZZ-Bombardier Inc: Russian rail control JV expands in Serbia

** Canadian aircraft and train maker’s shares jump as much as 4.6 pct to C$1.84, biggest intraday pct gain in nearly a month

** Bombardier Transportation has started work on its first rail control project in Serbia

** Project being delivered by the Bombardier Transportation (Signal) Ltd JV to Russian Railways (RZD) International which is undertaking the upgrade on behalf of Serbian Railways

** Up to Friday’s close, stock had gained nearly a third of its value YTD

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