Bombardier plans to bid for 30 rail projects

Bombardier Inc, a multinational aerospace and transportation company based in Montreal, Canada, said it plans to increase the capacity of its signaling and propulsion plants in China to cash in on rising demand for transit projects in the country.

This year, the company said it plans to bid for more than 30 rail transportation projects in China, including high-speed trains, propulsion and signaling equipment for rail vehicles, monorails, and automated people mover systems.

"Last year, the Bombardier rail business in China won about 30 new projects, and the total contract value exceeded 12.5 billion yuan ($1.95 billion). It has been one of our most successful business operations," said Zhang Jianwei, president and chief country representative of Bombardier China.