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Article: Italy : Metro Rail Cars Contract Falls Through.
- Article from:
- TendersInfo
- Article date:
- November 2, 2009
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Byline: rakshali03
A $300 million contract to build 100 new light rail passenger cars for Metro at a new factory in Los Angeles fell through on Saturday, when Metro's board would not agree to financial concessions sought by the Italian company.
The Metropolitan Transportation Authority had engaged in "good faith negotiations" with AnsaldoBreda for more than a year to reach an accord over the next batch of 100 self-propelled rail cars, which would have been worth about $300 million, said Metro spokesman Marc Littman.
To sweeten the deal, the Italian firm had promised to build a factory in Los Angeles to assemble the rail cars.
The ...