Monday, Jan. 19, 2009 | 10:03 a.m.
Bombardier Transportation, which operates and maintains the Las Vegas Monorail, said today it received a five-year extension of that contract from the Las Vegas Monorail Co.
The company, based in Berlin, said the deal is valued at about $58 million.
Bombardier has operated the system since it opened in 2004. The monorail, with a fleet of nine four-car trains, has seven stations on the four-mile route between the MGM Grand and Sahara hotel-casinos.
"Essential to reducing traffic congestion and carbon emissions, this driverless transit system has carried more than 33 million passengers, and in 2008 operated at an on-time average performance of over 99 percent,” Michael Shaman, vice president of operations and maintenance at Bombardier Transportation’s Systems Division, said in a statement.