MONTREAL - A larger, more expensive order for new Montreal subway cars could be announced by the end of 2009, says the head of the city's transit authority.
Yves Devin said it's up to the Quebec government to announce if the order will be larger than the original forecast of $1.2 billion for 342 cars.
He told reporters Monday that negotiators are working very hard to hopefully conclude a deal by year-end.
Published reports said the government is considering enlarging the contract to include perhaps 765 cars for $2 billion.
Devin refused to discuss what roadblocks may be delaying the awarding the contract that was expected last June.
Ultimately, he said the Montreal transit authority is going to pay the right price per car from the partnership of Bombardier (TSX:BBD.B) and French manufacturer Alstom.
The Quebec government will pay 75 per cent of the total cost of the project, with the municipality picking up 25 per cent of the tab. Delivery of cars is expected to begin in 2012.
Bombardier, TSX, Alstom
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