Historical Stock Chart
2 Years : From Jul 2012 to Jul 2014
Public Transport Victoria (PTV) has ordered 40 additional Diesel Multiple Unit (DMU) cars of the successful VLocity design from rail technology leader Bombardier Transportation. The order is valued at approximately $206 million AUD (166 million euro, $198 million US).
Bombardier will provide 19 additional intermediate cars to convert existing two-car train sets to three-cars sets and supply seven additional new three-car train sets. This will result in a total fleet of 58 three-car Bombardier VLocity trains.
Operated by V/Line Passenger, the VLocity fleet has been in service since 2005 linking regional centres to Melbourne. In that time, the VLocity trains have contributed to a 120 per cent patronage increase thanks to their 160 km/h performance and passenger comfort as well as their class leading levels of reliability and availability. The VLocity DMUs have been designed in Australia and are manufactured at Bombardier's Dandenong site. The trains feature the BOMBARDIER MITRAC control system and Bombardier-built bogies as well as up to 70 per cent local content including the stainless steel carbodies.
"The VLocity fleet has provided excellent service for the people of regional Victoria," said Ian Dobbs, Chief Executive Officer of PTV. He added: "Increasing the fleet will allow greater capacity on our regional network as we get ready for the opening of the Regional Rail Link in 2016."
The Regional Rail Link will create capacity for an extra 23 suburban and 10 regional services during each morning and evening at peak times, allowing an extra 54,000 passenger trips each day.
Dan Osborne, Managing Director, Bombardier Transportation Australia, added: "PTV's decision to purchase more VLocity units further reinforces the excellent performance of the VLocity fleet. These vehicles are designed and built in Australia using local expertise and the local supply chain."
In order to sustain economic growth while ensuring the health and quality of life of citizens, cities the world over are looking for smarter and more environmentally friendly forms of mass transit compared to the historic dependence on individual car transportation. Bombardier Transportation is at the forefront of developing cost-effective technologies that improve total vehicle performance to move more people and goods than ever before efficiently within and between urban centres.
About Bombardier Transportation
Bombardier Transportation, a global leader in rail technology, offers the broadest portfolio in the rail industry and delivers innovative products and services that set new standards in sustainable mobility. In Australia, Bombardier is currently manufacturing trams for the Melbourne network and electric suburban trains for the modernisation of the Adelaide fleet. The company is a member of the GoldLinQ consortium, supplying trams, signalling and system integration to the Gold Coast Rapid Transit project as part of a turnkey system contract. Bombardier also maintains fleets in Victoria and South Australia and, in a joint venture, is supplying and maintaining Perth's suburban train fleet in Western Australia. Bombardier employs over 700 people in Australia.
Bombardier Transportation is headquartered in Berlin, Germany, and has a very diverse customer base with products or services in more than 60 countries. It has an installed base of over 100,000 vehicles worldwide.
Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.
Bombardier is headquartered in Montreal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America indexes. In the fiscal year ended December 31, 2011, we posted revenues of $18.3 billion USD. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
Note to Editors
For news releases, related material and photos, visit our media centre at www.bombardier.com/en/transportation/media-centre.
Follow Bombardier Transportation on Twitter @BombardierRail.
BOMBARDIER and MITRAC are trademarks of Bombardier Inc. or its subsidiaries.
Australia and New Zealand: +61 3 9794 2223
John Ince, firstname.lastname@example.org
Benelux, Middle East and North Africa: +49 30 98607 1141
Janet Olthof, email@example.com
Canada: +1 450 441 3007
Marc Laforge, firstname.lastname@example.org
China: +86 10 8517 2268
Flora Long, email@example.com
France: +33 6 07 78 95 38
Anne Froger, firstname.lastname@example.org
Germany, Austria, Switzerland,
Central and Eastern Europe: +49 30 98607 1134
Immo von Fallois, email@example.com
India: +91 7 838 660 093
Harsh Mehta, firstname.lastname@example.org
Mexico: +52 55 5093 7714
Paulina Ortega, email@example.com
Nordic and Baltic Countries: +46 10 852 5213
Par Isaksson, firstname.lastname@example.org
South East Asia: +65 6478 6235
Evon Lam, email@example.com
Southern Africa: +49 30 98607 1147
Sandy Roth, firstname.lastname@example.org
Southern Europe and South America: +35 1 919 693 728
Luis Ramos, email@example.com
UK and Ireland: +44 7785 450 065
Stephen Bethel, firstname.lastname@example.org
USA: +1 450 441 3007
Maryanne Roberts, email@example.com