Bombardier Inc's Subsidiary To Deliver Technology For New Metro Line In Riyadh
Bombardier Inc's Bombardier Transportation announced that, as a member of the ArRiyadh New Mobility Consortium (ANM), it has won a contract to deliver technology for the new metro line 3 in Riyadh, Kingdom of Saudi Arabia. The contract involves system interface management, project management and design, as well as the delivery of 47 two-car driverless BOMBARDIER INNOVIA Metro 300 trains equipped with BOMBARDIER MITRAC propulsion technology. The total value of the consortium's contract is approximately USD5.9 billion (EUR4.5 billion ) with Bombardier's share valued at approximately USD$383 million (EUR289 million).
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