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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.

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.