Bombardier Transportation Praises Obama Administration's Effort to Create Jobs and Rebuild U.S. Rail Economy

Jan 28, 2010, 09:42 ET from Bombardier Transportation

PLATTSBURGH, N.Y., Jan. 28 /PRNewswire-USNewswire/ -- In response to the Obama Administration's announcement regarding the award of high-speed rail grants to 13 corridors and spread to benefit across many states, the following can be attributed to Robert Furniss, Vice President for Bombardier Transportation:

"While we are reviewing the details of today's announcement, Bombardier Transportation supports the Obama Administration's overall vision to build a network of high-speed rail corridors in the U.S. This announcement marks a historic step forward for the U.S. in building its next generation transportation network, where high-speed passenger rail, in concert with the other modes, offers near and long-term solutions for job creation, global competitiveness and quality of life.

"Bombardier Transportation believes that for U.S. passenger rail policy to make a significant, lasting impact, it must be consistent, compatible and competitive.  In terms of funding, consistent investments over the long-term will be critical to build a strong U.S. passenger rail industry.  Compatibility too will be vital to ensure seamless integration from one mode of transportation to the next, so the traveling public can easily navigate an interconnected system of roads, rails and airports.  Finally, competitiveness must drive the process. This will ensure open markets and competitive bids can cultivate a growing industry of manufacturers and suppliers to create and sustain good jobs, while providing the U.S. public with high-tech, higher-speed passenger rail options that so many others around the globe take for granted.

"Bombardier Transportation offers best-in-class expertise and good jobs to the U.S. market.  As the global leader in passenger rail technology and the leading supplier of passenger rail vehicles in the U.S., Bombardier Transportation is well-positioned to support efforts to bring higher-speed rail options to reality in the near-term. Bombardier Transportation produced the trainsets for Amtrak's Acela Express service (celebrating 10 years in service in 2010), as well as high-speed and very high-speed trains in Europe and China. Bombardier Inc. employs more than 8,000 people at locations in 19 states and the District of Columbia.  This includes three rail manufacturing facilities and a network of maintenance service sites."

SOURCE Bombardier Transportation