09:45 AM EST - Bombardier Inc. : announced that its Transportation division has won a groundbreaking contract for propulsion and control equipment in India from Mumbai Railway Vikas Corporation (MRVC). MRVC is a joint venture between the Ministry of Railways and the Government of Maharashtra. The project, funded equally by the World Bank and the Government of India, is valued at approximately INR 11.2 billion (162 million euro, $214 million U.S). It involves design, manufacturing, delivery and testing of BOMBARDIER MITRAC propulsion and control equipment, as well as additional equipment including fans, compressors, passenger information systems and high voltage instruments. Bombardier Inc.
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