July 2, 2008 / 12:02 PM / in 9 years

Bombardier set to win Toronto streetcar bid: report

TORONTO (Reuters) - Plane and train maker Bombardier Inc looks set to win a major Toronto streetcar replacement contract after Siemens AG pulled out of the bidding, a Canadian newspaper said on Wednesday.

<p>Laurent Beaudoin, chairman of Bombardier Inc., announces financial results in Montreal on March 31, 2005. REUTERS/Christinne Muschi</p>

The Globe and Mail said only Montreal-based Bombardier and small British manufacturer TRAM Power submitted bids to the proposals process, which the Toronto Transit Commission closed on Monday.

The initial requirement is for 204 streetcars at a price of about C$1.2 billion ($1.17 billion). The program could eventually cost more than C$3 billion for about 600 vehicles, the Globe said.

Bombardier is considered to be the front-runner in the process after having been picked without open bidding to build C$674 million worth of new Toronto subway cars in 2006.

The Globe also said TRAM Power’s main product is a prototype light-rail vehicle, giving it less global experience than Bombardier, the world’s top train maker and third-largest civil aircraft manufacturer.

Last year the TTC said it would need new streetcars to be completely wheelchair accessible, and at least 25 percent of the content for the vehicles’ design and construction would have to be Canadian.

Critics said the requirements tilted the bidding process in Bombardier’s favor, given the company’s fully-accessible vehicle models and Ontario plant, the newspaper said.

($1=$1.02 Canadian)

Reporting by Leah Schnurr; Editing by Scott Anderson

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