Bangalore: Bombardier Inc’s train unit received a contract to make railway equipment for Mumbai Railway Vikas Corp (MRVC).

The project, funded equally by the World Bank and the India government, is valued at about 11.2 billion ($214.42 million).

A file photo of MD of Bombardier Transportation India Ltd, Rajeev Jyoti

Bombardier, one of the world’s largest maker of railway equipment, said deliveries will start in the last quarter of 2012 and will be completed in the third quarter of 2014.

The order relates to a total of 72 commuter trains of 12 cars each, the company said.

The railway parts will be produced at the company’s plant in Maneja, India, supported by its sites in Germany.

In September, Berlin-based Bombardier Transportation had received an order for 76 metro cars worth about $120 million from Delhi Metro Rail Corp (DMRC), adding to its 114-vehicle contract announced last year.

Shares of Bombardier, which is also the world’s number three aircraft maker, have lost 55% of their value in the past nine months. They closed at Canadian dollars 3.77 on Friday on the Toronto Stock Exchange.