<!-- phugc --> TORONTO (Reuters) - Bombardier Inc
said on Friday that its Chinese joint venture had won a contract
for 40 high-speed train sets from China's Ministry of Railways,
worth about $761 million. Bombardier's share of the contract,
which was awarded to Bombardier Sifang (Qingdao) Transportation
Ltd, or BST, is valued at around $373 million.
BST is a joint venture between Bombardier, the world's No. 1
train manufacturer, and CSR Sifang Rolling Stock Co Ltd.
Each train set has eight cars and can carry a total of 604
passengers with a maximum speed of 250 kilometers (155 miles) per
hour.
Deliveries of the cars will begin in September and be completed
by the end of May.
In September, BST won a "very high-speed train" contract worth
$4 billion from China, which is developing more than 6,000
kilometers of high-speed rail lines.