The bid made by China North Railway (CNR) in the huge Israel Railways locomotives tender has been disqualified, sources inform “Globes.” The reason is the company’s merger with fellow Chinese company China South Railway (CSR), which is also competing in the tender.
In recent months, the legal department of Israel Railways, which has been considering the participation of the two Chinese railway manufacturers, sent a letter to the offices of the merged company, China Railway Rolling Stock Corporation (CRRC), in China asking it to choose which bid should be withdrawn. French company Alstom and Canadian company Bombardier say that if a Chinese company wins the tender, they will seek court intervention… READ MORE
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
Published by Globes [online], Israel business news – www.globes-online.com
