Bombardier, Siemens Bid for Russian $1.4 Billion Tram Project
April 24 (Bloomberg) -- Bombardier Inc., Siemens AG and Alstom SA are among the companies bidding for a 33 billion-ruble ($1.4 billion) contract to build a tram network for the Russian city of St. Petersburg and it suburbs.
Bombardier, the world's largest maker of trams and subway cars, is bidding to build the 30-kilometer (18.6-mile) network project in partnership with Paris-based Vinci SA, St. Petersburg Governor Valentina Matviyenko said today in announcing the six bidding groups.
European and Asian trainmakers and construction companies are all jockeying for a share of Russian contracts as the government spends heavily to rebuild its crumbling road and rail infrastructure. Russia's state-owned rail company said it plans to spend as much as $400 billion to overhaul its network.
Among the criteria for the winning bid, to be by announced by Dec. 25, will be how much local production the bidders will commit to, Matviyenko said in St. Petersburg, Russia's second largest city.
Alstom SA, the world's largest trainmaker, has put together a bid with French construction company Bouygues SA. Munich-based Siemens is partnering with Russia's Basic Element and Austrian construction company Strabag SE. Two other bids are led by Italy's Ansaldo STS SpA and Tokyo-based Mitsui & Co. Ltd.
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