Bombardier wins Hungarian train order
Monday, February 20, 2006, 17:01
Bombardier Inc. won Hungarian government approval to sell Ft 11 billion ($52 million) of trains to the country's state-owned railway company, Magyar Államvasutak Rt, Világgazdaság reported. MÁV will buy 10 of Bombardier's ”Talent'” trains to be used in southwestern Hungary. The purchase will take place independently of the valid contract with Stadler AG, but it is not validated yet, by the Public Procurement Arbitration Committee (KDB). The company explained the need for further trains by the extraordinary growth of suburban traffic.Germany's Kreditanstalt fuer Wiederaufbau will lend the money for the purchase to the Hungarian company, Világgazdaság said. Montreal-based Bombardier is the world's biggest maker of rail equipment. Its train unit accounted for 46 % of the company's $10.8 billion total sales in the nine months through October 2005.