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JetTrain rolls into Orlando

(Bombardier issued the following news release on October 11.)

ORLANDO, Fla. -- The Bombardier JetTrain high-speed rail locomotive makes its second Florida stop today, in Orlando. The latest in "Made in America" high-speed technology is on display today for public viewing in Downtown Orlando, where hundreds of visitors are taking a look at the future of passenger rail transportation.

The JetTrain locomotive is the first non-electric, high-speed rail solution designed specifically for the American market. Powered by a jet engine, JetTrain technology operates at 150 miles per hour and meets all American safety standards for high-speed rail. "JetTrain technology is U.S. certified, ready to roll now," stated Lecia Stewart, Vice-President, High-Speed Rail for Bombardier Transportation, North America.

Last Tuesday in Miami, the Bombardier JetTrain Florida tour was christened by Champ Car driver Mika Salo, of the PK Racing team. After today's public viewing in Orlando - at the corners of North Hughey Avenue and West Robinson Street, from 10:00 a.m. to 2:00 p.m. - the Bombardier JetTrain locomotive will be heading to Tampa for its last Florida stop, on Wednesday, October 15, at Tampa Union Station.

Fluor Corporation and Bombardier Transportation have provided the Florida High Speed Rail Authority (FHSRA) with a proposal to launch Phase I, Part 1 of a Florida high-speed passenger rail service between Orlando and Tampa. This first planned route will carry more than 4 million passengers a year.

The team's bid has been evaluated independently by the FHSRA as 36 per cent more advantageous to taxpayers than the competing proposal, offering $430 million in savings over the life of the project. Net costs will average only $42 million per year, not much more than the cost of a single highway interchange. The authority is expected to make its selection of the preferred bidder on October 27. The next phase of the Florida high-speed rail system will connect Orlando and Miami, and carry an estimated 10 million passengers annually. "JetTrain high-speed rail service offers passengers a new way to travel between cities every day in safety, comfort and speed," commented Stewart. "At optimal speeds, JetTrain service will carry passengers between Orlando and Tampa in about one hour."

The Bombardier JetTrain locomotive is the result of a public-private development partnership that began in 1998 between Bombardier Transportation and the Federal Railroad Administration (FRA) in the United States.

Bombardier Transportation manufactures 20 different intercity and high-speed products, including seven different high-speed locomotives. It has participated in the development of many of the world's leading high-speed rail systems, including four different TGVs, the ICE trains used in Germany and the Netherlands, Italy's ETR 500, China's Xinshisu, Spain's AVE 102 and America's Acela.

Fluor Corporation, with headquarters in Aliso Viejo, California, is one of the world's largest publicly owned engineering, procurement, construction, operations, maintenance and project management companies. With a network of offices in more than 25 countries and total employment of more than 30,000, Fluor specializes in the design-build-finance-development-maintenance of rail or transit system, major highways and toll roads, airports and aviation systems, water treatment or port facilities around the world. Among its many worldwide projects, it is part of the team that is designing, building and will maintain the first high-speed rail system in the Netherlands, developed as a public-private partnership involving billions of dollars in private financing. Fluor (NYSE: FLR) is a Fortune 500 company with revenues of $10 billion US in 2002. For more information, visit www.fluor.com.

Bombardier Transportation is the global leader in rail equipment manufacturing and servicing. Its wide range of products includes passenger rail cars and total transit systems. It also manufactures locomotives, freight cars, propulsion and controls, and provides rail control solutions.

Bombardier Inc., a diversified manufacturing and services company, is a world-leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montreal, Canada, the Corporation has a workforce of some 75,000 people and manufacturing facilities in 25 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2003 were $15.1 billion US. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).

For more information on the Fluor-Bombardier proposal, visit www.bombardier.com/fluor.

For more information on the Bombardier JetTrain technology, visit www.jettrain.us.

Monday, October 13, 2003

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