* Penalty for late train delivery 460 mln Sfr-paper
* Further delay would push fine up to maximum of 708 mln Sfr
* SBB spokesman does not confirm penalty, further delay
ZURICH, March 17 Canada's Bombardier
will have to pay at least 460 million Swiss francs ($490.01
million) to Swiss railway group SBB for late delivery of 59
double-deck trains the SBB ordered three years ago, a Swiss
newspaper reported on Sunday.
According to a source with knowledge of the matter quoted by
"Der Sonntag", the world's largest train maker Bombardier would
have to pay 7.8 million francs for each train it delivers with a
delay of a year, adding up to a total of 460.2 million Swiss
Spokespeople for Bombardier did not return calls seeking
SBB spokesman Reto Schaerli said the company could not give
any details on the contract with Bombardier.
"Der Sonntag" also quoted other unnamed sources saying the
double-deck trains might be ready even later than previously
announced, possibly not before 2017.
This would also push the penalties to be paid up further,
the maximum contract penalty being 708 million francs, "Der
Schaerli said the SBB had no information regarding any
The SBB had ordered 59 double-deck trains for a total of 1.9
billion Swiss francs from Bombardier in May 2010, the biggest
order in the company's history.
The new trains should have taken up service from December
2013, but the SBB said last year they would be up to two years
late, partly due to adjustments of the trains to better suit
Construction problems encountered by Bombardier also caused
a delay of at least 12 months, SBB said at the time, adding
negotiations about the costs arising from the delay and who
would have to bear them were ongoing between SBB and Bombardier.