UPDATE 1-Bombardier-led group wins $4.1 bln railway contract in Australia

Fri, 17 Jan - 10:32pm

(Adds details, background)

Jan 17 (Reuters) - A group led by Bombardier Inc BBDb.TO has won a $4.1 billion passenger train contract with the Australian state of Queensland.

Bombardier, the world's largest trainmaker, said its share of the rolling stock contract was worth about $2.7 billion.

Bombardier will supply 75 electrical-powered trains, build a depot and provide maintenance for 30 years. News Search ID:nMKW172a

The depot design and construction will be subcontracted to UK-based construction company Laing O'Rourke, Bombardier said in a statement.

Queensland is looking to replace its aging passenger train fleet to meet an increase in demand as the south-eastern part of the state grows. ( Href="Link">http://link.reuters.com/qyg26v)

Specialist asset manager John Laing, Japanese trading house Itochu Corp 8001.T and Llyods Bank LLOY.L unit Uberior are the other members of the consortium.

Bombardier won a $639 million order earlier this month for 365 additional rail cars from the San Francisco Bay Area Rapid Transit District.

Bombardier shares closed down 7.6 percent at C$4.17 on Thursday on the Toronto Stock Exchange after the company warned of a delay in deliveries of its new CSeries jets.

(Reporting by Ashutosh Pandey in Bangalore; Editing by Joyjeet Das and Saumyadeb Chakrabarty)

((ashutosh.pandey@thomsonreuters.com)(within U.S.+1 646 223 8780, outside U.S. +91 80 6749 6100)(Reuters Messaging: ashutosh.pandey.reuters.com@reuters.net))

Keywords: BOMBARDIER CONTRACT

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