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«Green light» for Athens Metro Line 4 project as appeals are rejected by CoS

Νίκος Καραγιάννης

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Major developments have come up regarding Athens Metro Line 4 project. According to secure information of ypodomes.com, appeals filed by Mytilineos and TERNA at the Council of State were finally rejected, paving the way for the continuation and completion of the bidding process.

Admittedly, this is an important and -for many- an unexpected decision due to consecutive vindicating decisions for the appelants. Sources close to the subject note that this is a decision station of paramount importance for the construction industry in general, given its current state, allowing the tender to proceed without setbacks.

Sources from Attiko Metro also agree that the tender seems to be finally unblocked, allowing the completion of the technical evaluation and the consequent unsealing of the financial offers that will finally award the contract.

It is reminded that the consortia that are still present in the tender are: AVAX SA-GHELLA SpA-ALSTOM TRANSPORT SA and AKTOR ATE-ANSALDO STP SpA-HITACHI RAIL ITALY SpA.

The final contractor will receive the largest-ever contract for an independent public project in Greece, since its initial cost is 1,8bn euros (VAT incl.).

However, what remains to be announced is the Council of State’s decision regarding preliminary works, which are directly connected to the main construction of the Line. Sources from the Ministry tell ypodomes.com that there is will to resolve the issue regarding preliminary works, so that the main project is able to «run».

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Bombardier and Alstom believed to be in merger talks

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Εργοστάσιο Alstom

Exploratory discussions are believed to be underway regarding a proposed merger between Bombardier Transportation and Alstom according to a report by Bloomberg on January 21.

Shares in both companies rose on January 22 following the news. Alstom’s share price soared to a 52-week high of €46.42, while Bombardier’s share price reached a peak of $C 1.44 ($US 1.09) before dropping back to close at $C 1.28. However, this represents a small recovery for Bombardier which saw its share price plummet from $C1.79 on January 15 to a low of $C 1.12 on January 17 following its announcement of worse than expected financial performance on January 16.

Bombardier, which is headquartered in Montreal, has gone through a period of restructuring during the last few years, mainly due to problems with its aircraft business. This resulted in it divesting a large part of the aircraft business and selling a 30% stake in its Bombardier Transportation rail division to Caisse de Depot et Placement du Quebec (CDPQ) for $C 1.5bn. The deal was approved by the European Commission (EC) in February 2016.

In 2017, Bombardier started talks with Siemens regarding a possible merger with Siemens Mobility. However, Siemens broke off the talks in order to launch merger discussions with Alstom. Despite reaching agreement in 2018, the Siemens and Alstom merger was quashed by the EC on February 6 2019 on the grounds that the two companies had failed to address its concerns over the potential impact of the deal on competition in the signalling and high-speed rolling stock markets.

It is difficult to see how a merger between Bombardier Transportation, which is headquartered in Berlin, and Paris-based Alstom would succeed when both companies are in the high-speed rail and signalling markets, let alone the commuter train, metro train and light rail markets where they are strong players.

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Bombardier extends London Overground maintenance contract

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Συρμοί Μετρό Λονδίνου

Bombardier has agreed a 10-year extension of its contract with Transport for London (TfL) to maintain the fleet of 54 class 710 Aventra EMUs, which was due to expire in July 2025, to July 2035.

The extended contract is worth an additional £185m.

Maintenance will continue to take place at Bombardier’s Willesden Train Care Depot in North London. The fleet is in daily service on the Gospel Oak – Barking and Watford – London Euston routes.

The contract extension was agreed with TfL on December 18 and announced on January 17.

Source: railjournal.com

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Signatures approaching for Piraeus Port Cruise Pier

Νίκος Καραγιάννης

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A matter of just few weeks is -according to secure information-, the signing of the contract for the major extension project of Piraeus Port Cruise Pier. As it has become known, PPA’s Board of Directors has approved the signing of the construction contract with the contractor that has been awarded from the bidding process.

According to the same sources, the project will be signed and launched in the coming weeks, as the time is pressing for the project that is funded by NSRF 2014-2020.

The contractor is TEKAL company with a bid that reached 103m euros (+VAT), for an offer that approached 24.5%. Executives from the construction sector note that this is currently the largest cruise pier project in Europe. Nevertheless, the momentum of the port of Piraeus is evident by the statistics which show an increase in passenger and goods traffic, every year.

The project for the construction of the new cruise pier is a flagship project, included in COSCO’s investment program for PPA, which exceeds 600m euros. The original budget of the project was estimated at 136m euros (+VAT).

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