Bombardier Inc.'s (BBD_A.TO, BBD.B_TO) rail systems division, Bombardier Transportation announced that it has signed a contract with the San Francisco Bay Area Rapid Transit District or BART for the supply of 260 new rail cars.
The order is valued at approximately US$631 million. The contract includes a first option order for 150 cars that BART intends to order on June 25, 2012 and additional options which, if exercised, would bring the total number of cars ordered to 775 and the total value of the order to approximately US$1.5 billion.
Delivery of 10 pilot cars is scheduled to take place in the spring of 2015, followed by comprehensive testing of the pilot cars on the BART system, then delivery of the 250 remaining production series cars between early 2017 and the spring of 2019, the company said.
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