Argentina Opens Bidding to Buy $2 Billion of Railcars for Buenos Aires - Will Bombardier Be Interested...
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Sept 27 (Reuters) - Argentina launched a global auction to buy 1,500 electric rail cars to improve the Buenos Aires metropolitan area transit system, the Transportation Ministry said on Wednesday, in a project that has drawn interest from major engineering firms.
The Ministry said in a statement it expects to invest $2 billion in the cars, which will more than double the size of the current fleet of 1,346 cars. The purchase is part of a $14 billion plan to renovate the transit system for the city and its surrounding suburbs, home to some 13 million people, by 2023.
The Ministry will accept bids through Nov. 14, a spokeswoman told Reuters. At least 20 percent of the rail cars' components must be manufactured nationally, the Ministry said.
Earlier this year, more than a dozen global engineering firms including Germany's Siemens AG, Canada's Bombardier Inc, China's CRRC Corp Ltd and France's Alstom SA attended an information session on the Buenos Aires rail cars, the Ministry said at the time.
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