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MONTREAL – Bombardier’s rail division in Berlin has signed a framework agreement with Austrian Federal Railways that could cover up to 300 trains worth up to US$1.9 billion.
The initial order is for 21 Talent 3 electric trains with a list price of US$156 million.
Bombardier (TSX:BBD.B) didn’t disclose the actual amount that Austrian Federal Railways will pay for the trains.
The Montreal-based company says the Talent 3 trains have 50 per cent more seating capacity compared with the predecessor generation.
The first trains will be delivered in 2019 for use in a rail link between rural and urban areas of Austria’s Vorarlberg region and neighbouring countries.
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