Bombardier venture awarded Chinese contract

ORONTO - Train maker Bombardier Transportation says its Chinese joint venture has been awarded a $4 billion contract to build 80 high-speed trains for China's railway ministry.

Bombardier Sifang Transportation Ltd. said Monday it will manufacture the trains in China. Engineering and project management will be done in China and Europe.

Bombardier's share of the contract is estimated at $2 billion.

The trains will be made in Qingdao, a sea port and industrial city north of Shanghai in northeastern China. Bombardier Sifang employs more than 3,000 people in China.

Established in 1998, Bombardier Sifang is a joint venture between Bombardier and CSRSifang Locomotive and Rolling Stock Ltd.

Montreal-based Bombardier's train division is based in Berlin.