Bombardier CEO sees Mexico 6-mth high-speed rail bid window as 'tight'
By Adam Rose and Andrea Hopkins
BEIJING (Reuters) - Canadian train and planemaker Bombardier said a six-month window to prepare a bid for Mexico's $3.75 billion high-speed rail contract looked tight.
Mexico on Friday revoked the contract from consortium led by state-backed China Railway Constructon Corp.
The government said it expects to re-run the tender to build the 210-km (130-mile) line to connect Mexico City and the central city of Querétaro in late November under the same terms, and would keep it open for six months to enable all interested parties to participate.
"They're giving it six months which is not a lot...Usually high-speed like this should take about a year to prepare because it's very, very technically challenging to do this right," Chief Executive Pierre Beaudoin told Reuters on Saturday.
"I'll look at it with my team and we'll make a decision," he said. Bombardier was among firms accompanying Canadian prime minister Stephen Harper on a visit to China.
The China-led consortium's win was seen by analysts as a big boost for China's growing ambitions to export its high-speed technology overseas, since the country built the world's longest network in under a decade.
The bid by CRCC and its team, which also included locomotive maker CSR Corp, was accompanied by an agreement that the Export-Import Bank of China would finance 85 percent of the project costs.
Siemens, which along with Bombardier and Alstom SA, had expressed interest, said they had asked for more time to prepare a bid. Continued...