Bombardier Denies Overcharging Transnet In Major South Africa Locomotive Deal
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November 27, 2019 - by dailystockdish.com
Canadian rail equipment manufacturer Bombardier Transportation, accused by witnesses at the ongoing state capture inquiry of inflating costs in a major tender to build a fleet of new locomotives for Transnet, has denied it was overpaid or inflated costs.
"During this year, there have been several submissions to the Zondo Commission related to our company which are misleading and incorrect. Unfortunate associations of Bombardier with any potential wrongdoings by other companies are simply wrong," it said in response to questions from Fin24.
Headquartered in Montreal, BT is one of two international locomotive manufacturers accused by witnesses at the commission of inflating costs for the relocation of a locomotive production facility from Koedoespoort, outside Pretoria, to Durban. The other company, China North Rail, did not respond to repeated requests for comment....
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