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Thursday, 22 December 2016

France’s Alstom more likely to win NAT’s tender for 64 metro cars

France’s Alstom is “close to winning” a bid it had entered to supply the National Authority for Tunnels (NAT) with 64 new metro cars worth EGP 8.4 bn, Al Borsa reports, citing anonymous sources. Bids from Alstom and Korea’s Rotem, the only other contender for the contract, are still under review. The ability to bring project finance will be a key factor in the decision on who wins the award, the newspaper says.

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