Regulator blocks Latvian rail company from closing €225mn electric train deal

Regulator blocks Latvian rail company from closing €225mn electric train deal

By bne IntelliNews January 29, 2019

Latvia’s Public Procurement Monitoring Bureau has blocked passenger rail company Pasazieru Vilciens’ acquisition of 32 electric trains in a €225.3mn deal announced in November 2018.

The regulator said on its website that the move was made following appeals by two companies that participated in the tender, which was won by Spain’s Patentes Talgo S.L.U..

Pasazieru Vilciens was instructed to correct “flaws” identified in the procurement procedure and to reassess the four bids submitted.

In addition to Talgo, the company received bids from rival Spanish company Construcciones y Auxiliar de Ferrocarriles S.A. (CAF), Poland's Stadler Polska Sp. z.o.o. and Czech Skoda Vagonka a.s. CAF and Skoda Vagonka submitted the appeals.

In its bid, Talgo had offered to supply 32 trains with 450 passenger seats each, and to deliver them over the period 2020-2023.

#Talgo

Read in IntelliNews Pro

Get IntelliNews Pro

Related Content

COMMENT: The EU’s Internal Security Framework is unfit for Cold War 2.0

Lithuanian president agrees to Social Democrat cabinet backed by populist party

Central European countries least likely in the EU to prioritise climate change

COMMENT: The EU’s Internal Security Framework is unfit for Cold War 2.0

Lithuanian president agrees to Social Democrat cabinet backed by populist party

Central European countries least likely in the EU to prioritise climate change

News

Former minister and 10 others arrested over deadly Serbian railway station disaster

Collapse of Novi Sad railway station canopy killed 15 people, sparking widespread protests in Serbia.

China and Brazil forge closer alliance amid Xi’s Latin America push

China and Brazil have dramatically upgraded their partnership during President Xi Jinping's state visit to Brasilia following the G20 summit in Rio de Janeiro, marking Beijing's most substantial diplomatic advance in Latin America this year.

UPDATED: ICC issues arrest warrants for Israeli Prime Minister Netanyahu and former Defence Minister Gallant

The International Criminal Court (ICC) confirmed that it has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defence Minister Yoav Gallant on November 21.

Turkmenistan tightening exit rules for citizens seeking to travel to Uzbekistan

Quick shopping trips supposedly cause Ashgabat “shame”.

Croatian retailer Studenac launches €80mn IPO to fund expansion plans

IPO proceeds to fuel retailer's aggressive growth strategy, which includes opening new stores, acquiring competitors in Croatia and Slovenia and reducing its financial leverage.

Former minister and 10 others arrested over deadly Serbian railway station disaster

China and Brazil forge closer alliance amid Xi’s Latin America push

UPDATED: ICC issues arrest warrants for Israeli Prime Minister Netanyahu and former Defence Minister Gallant

Turkmenistan tightening exit rules for citizens seeking to travel to Uzbekistan

Croatian retailer Studenac launches €80mn IPO to fund expansion plans

Dismiss

Chat with usLiveChat