Published On: Tue, Mar 18th, 2014

June 30 Deadline For Bids To Supply Railcars For New Tel Aviv Light Rail : Tender Worth $570 Million

 The deadline for bids to supply cars for the Tel Aviv light rail is the end of June.

The deadline for submitting bids in the tender to supply rolling stock for the Tel Aviv light railway’s Red Line has been postponed again. On Monday,  NTA Metropolitan Mass Transit System Ltd., which is building the line, notified the companies participating in the tender that the deadline has been postponed from March 27 to the end of June. This is the third postponement for submitting bids in the NIS 2 billion ($570 million) tender.

Bidders reportedly include France’s Alstom SA (Euronext: ALO), Spain’s CAF-Construcciones y Auxiliar de Ferrocarriles SA (BMAD: CAF), Germany’s Vossloh Group AG (XETRA: VOS), Switzerland’s Stadler Rail AG, and China National Railroads. Companies that bought the tender documents, but which are still undecided, include Canada’s Bombardier Inc. (TSX: BBD), Czech Skoda, and Germany’s Siemens AG (XETRA: SIE; NYSE: SI).

In response to a query by “Globes”, NTA said, “The rolling stock tender was postponed at the request of the bidders, which asked for another extension in order to draw up their proposals.”

Published by Globes [online], Israel business news – 

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