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Bombardier's Chinese Joint Venture Wins Monorail Contract in China

CRRC Puzhen Bombardier Transportation Systems Ltd. (PBTS), a joint venture between Montreal-headquartered Bombardier Inc.'s Bombardier Transportation and the Chinese CRRC Corp. Ltd. (CRRC), has been awarded its first monorail contract in China. The order is for the ‘Bombardier Innovia Monorail 300’ platform, along with a total of 240 cars, to Wuhu City in Anhui Province. The total contract is valued at approximately C$347 million. Bombardier owns 50 per cent of the shares in PBTS, which is consolidated by Bombardier Transportation's partner, CRRC Nanjing Puzhen Ltd. The new 36-station, 47-km project is planned to open in 2020.

Information summarized from: 
Canada Stockwatch

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