09:47 AM EST - Bombardier : said a consortium led by Bombardier Transportation has been awarded a contract to modernize 156 passenger rail cars by Companhia do Metropolitano de Sao Paulo, or CMSP, the state-owned transit operator that runs the Sao Paulo metro system in Brazil's largest city. The Bombardier consortium includes two Brazilian partners Temoinsa and Tejofran. The contract, valued at approximately 383 million reals, or $193 million U.S., is for comprehensive modernization services on the 30-year-old electric multiple units which operate on CMSP's Metro Line 1-Blue in Sao Paulo. Bombardier's share of the contract is valued at approximately 238 million reals, or $120 million U.S.. The modernization project includes upgrades to door systems and bogies, as well as installation of new interiors, propulsion systems, communication and air conditioning systems, windows and a range of other improvements. The cars will be modernized at Bombardier's rail services center in Hortolandia, Brazil outside of Sao Paulo. Deliveries are scheduled to begin in August 2010. Bombardier
shares T.BBD.B are trading up $0.04 at $3.41.
