11/22/2010 AT 07:40
The contract signature was published on October 22, 2010. With funding approval completed, the contract now enters into force and the final price has been fixed using the applicable exchange rate. The contract is valued at $1.19 billion CDN ($1.18 billion US, 869 million euro). Bombardier's share is $719 million CDN ($715 million US, 525 million euro) and Alstom's share is $471 million CDN ($468 million US, 344 million euro).
The design, manufacture and final assembly of the new Montréal metro cars will be carried out at Bombardier's facilities in La Pocatière and Saint-Bruno, Québec. Alstom's sites in Sorel-Tracy and Montréal, Québec, will also be involved. The first prototype train is to be delivered in June 2013, followed by the base order deliveries that are scheduled to take place between February 2014 and September 2018.
Via Rail announced an investment of $5.1 million in VIA Rail's Heritage train station in Vancouver.
CN said today it has developed new supply chain efficiencies to help it better meet short-term car order requirements of major steel producers in Canada and help them to compete more effectively in their markets.
The U.S. Department of Transportation today announced that nearly $80 million in grants have been delivered to states as part of President Obama's historic high-speed and intercity passenger rail program.
VIA Rail Canada is proud to introduce today significant service improvements to its Quebec City–Montreal route.
Union Pacific will improve Houston's transportation infrastructure with a $29 million investment to improve the rail line that runs from Spring, Texas, to the Washington Avenue Corridor.
Norfolk Southern Corporation participated in the location of 70 new industries and the expansion of 23 existing industries along its rail lines in 2009.
President Barack Obama and Vice President Joe Biden will announce that the U.S. Department of Transportation (USDOT) is awarding $8 billion to states across the country to develop America's first nationwide program of high-speed intercity passenger rail service.
The Massachusetts Bay Transportation Authority (MBTA) in the United States has renewed the operate and maintain contract for the Boston commuter rail system for a further two years.
Amtrak announced it is awarding two contracts with a combined value of $49.5 million for major upgrades of its maintenance facilities located in Los Angeles, Calif., and in Hialeah, Fla., near Miami. The American Recovery and Reinvestment Act economic stimulus program is funding both projects.
The 680-acre park is planned to include a state-of-the-art intermodal terminal with room for customers to co-locate with CN and custom build their facility in place.