Alstom and Bombardier are threatening to sue Israel Railways over a dispute related to a current tender worth an estimated $3.6 billion. They claim that two of the Chinese companies in the electrification contract bidding have allegedly merged, they should be barred from competing.
If Israel Railways does not disqualify the bids of the two Chinese companies, Alstom and Bombardier say they will go to court.
The threat by Alstom and Bombardier follows a reported merger into a single company of Chinese companies CNR and CSR. According to Alstom and Bombardier, the Mandatory Tenders Law bars the participation in a tender by legal entities that did not enter it at the beginning… [READ MORE]
Published by Globes [online], Israel business news – www.globes-online.com