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Bombardier signs $243-million monorail contract for Newark airport

Fernando Morales/Fernando Morales/The Globe and Mail

Bombardier Transportation says it has signed a contract worth about $243-million (U.S.) to continue operations and maintenance for the AirTrain system at Newark Liberty International airport for the next 10 years.

The Montreal-based train and plane maker says its contract includes a capital asset upgrade program for the monorail.

Bombardier's contract with the Port Authority of New York and New Jersey is effective as of today.

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The AirTrain system at Newark airport first opened in 1996 and a fleet of 12 six-car Bombardier trains ran on the network.

Since then, the system has been extended and the fleet has expanded to 18 six-car trains.

Bombardier says it has provided operations and maintenance services on the monorail ever since it opened.

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