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ITOCY Itochu Corp (PK)

106.67
0.39 (0.37%)
11 Sep 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Itochu Corp (PK) USOTC:ITOCY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.39 0.37% 106.67 104.94 106.92 106.75 104.80 105.59 32,817 21:02:09

Bombardier-Led Group Gets $4.1 Billion Australian Contract

17/01/2014 1:00pm

Dow Jones News


Itochu (PK) (USOTC:ITOCY)
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Bombardier Inc. (BBD.B.T) said Friday it is part of a group that has received a $4.1 billion contract for a passenger-rail project in Australia.

The Montreal-based transportation giant said its share of the contract is valued at about $2.7 billion.

Bombardier will be responsible for supplying 75 electric multiple-unit trains, a new depot and maintenance for 30 years.

The other consortium members include infrastructure investor and asset manager John Laing (JLP.YY), Japanese trading firm ITOCHU Corp. (8001.TO) and U.K. investment-firm Uberior.

The Queensland government project, called New Generation Rollingstock, will upgrade and expand existing passenger train-fleet services in south-east Queensland.

Write to Judy McKinnon at judy.mckinnon@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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