Eiffage Beats Vinci,Bouygues To EUR3.4 Billion French Rail Track Deal
18 Gennaio 2011 - 6:47PM
Dow Jones News
French construction and concessions company Eiffage SA (FGR.FR)
has beaten cross-town rivals Vinci SA (DG.FR) and Bouygues SA
(EN.FR) to become the preferred bidder for a EUR3.4 billion
high-speed rail infrastructure project, France's rail network RFF
said Tuesday.
RFF, or Reseau Ferre de France, said it has selected Eiffage for
the public-private partnership contract to build new track in the
Brittany and Loire regions.
The rail network company said it aims to sign a full
public-private partnership contract in the first half of 2011.
"The contractor will have the task of building and maintaining
the new line for a total of 25 years and, in return, will receive
public funding as well as allowances from RFF," the rail grid
operator said, adding that it will retain responsibility for
organizing train movements.
RFF said it scored the rival bids on the five criteria of cost,
"financial robustness," the technical and environmental quality of
the project, line construction times and involvement of small and
medium-sized businesses.
-By Adam Mitchell, Dow Jones Newswires, +33 1 40171756;
adam.mitchell@dowjones.com
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