Alstom Completes Bombardier Transportation Takeover
Alstom has completed its $6.68 billion (€5.5 billion) acquisition of Bombardier Transportation, cementing its position as the second largest rail manufacturer in the world after CRRC.
Bombardier Transportation
BART Pausing New Car Deliveries
San Francisco Bay Area Rapid Transit (BART) reported it will temporarily halt delivery of its new Fleet of the Future (FOTF) rapid transit cars from Bombardier Transportation due to two reliability issues.
Bombardier Wins Maintenance Contract for Toronto’s Finch West LRT
Mosaic Transit Group (MTG) has awarded Bombardier Transportation a 30-year contract to maintain light rail vehicles and wayside track and catenary systems for the new C$2.5 billion (US$1.95 billion) Finch West LRT project in northwest Toronto. The 11-km (6.8-mile) line is a P3 of Infrastructure Ontario; Metrolinx; and MTG, a joint venture of ACS Infrastructure and AECON that has a DBFM (design, build, finance, maintain) contract.
NYMTA Commuter Railroads: 100% PTC Operational
Officials at New York MTA’s Metro-North Railroad and Long Island Rail Road (LIRR) announced Dec. 23 that implementation of Positive Train Control (PTC) was complete, just ahead of the Dec. 31, 2020, federal deadline. They teamed with systems integrator Siemens Mobility and Bombardier Transportation on the project.
NYCT: Bombardier R179 Fleet Returning to Service
MTA New York City Transit (NYCT) started returning its Bombardier R179 fleet to revenue service Sept. 23.
NYMTA to “Supplier’s 11”: You’re “In Jeopardy”
New York Metropolitan Transportation Authority (MTA) Chairman and CEO Patrick J. Foye sent warning letters to MTA’s 11 largest suppliers on Sept. 17. “The COVID-19 pandemic has exacted a horrific toll in human, social and economic terms across the nation,” he noted in the letters. “I am writing to alert you that because of this financial devastation, many current and all future contracts are in jeopardy without an injection of $12 billion in emergency federal aid.”
Alstom to Consider Weak Bombardier Transportation Results in Takeover Talks
Alstom says it will “take into account the consequences” of the operating and financial developments at Bombardier Transportation in forthcoming takeover discussions after the company reported an adjusted Ebit loss of $383 million in the second quarter of 2020.
EC Approves Alstom’s Bombardier Transportation Acquisition
The European Commission (EC) has approved Alstom’s bid to take over rival Bombardier Transportation, a move which will create the second largest manufacturer in the rail sector behind CRRC.
NCTD Signs Bombardier to $43MM Contract for 11 New Railcars
Bombardier Transportation has been awarded a $43 million contract by the North County Transit District (NCTD) for 11 new commuter rail cars for the COASTER service.
EU to Decide on Alstom/Bombardier Deal by July 16
European Union (EU) antitrust regulators have set a deadline of July 16 for a decision on whether to approve Alstom’s bid for Bombardier Transportation.