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Article: Israel : Bus co Dan to buy Jerusalem light rail stake.
- Article from:
- TendersInfo
- Article date:
- September 15, 2009
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Byline: rakshali03
Dan Public Transportation Co. Ltd. has agreed to buy Veolia Transportation SA's 5% stake holding in Jerusalem light rail franchisee CityPass for $15-20 million. The two companies asked the government to approve the sale last week.
Senior government officials said that Dan, as a bus company, had no experience in operating trains, and that they would carefully examine whether Veolia violated the terms of the tender, which stipulates that the CityPass consortium include an experienced international railway operator.
France's Veolia Transportation, which was to operate the Jerusalem light rail, decide to quit the project several ...