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Article: United States : Contract Talks Between Metro, AnsaldoBreda Break Off. Rail Car Contract Goes to Bid.
- Article from:
- TendersInfo
- Article date:
- November 2, 2009
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Byline: rakshali03
Mayor Antonio Villaraigosa issued the following statement today on the expiration of the option for the Los Angeles Metropolitan Transportation Authority's purchase of rail cars from AnsaldoBreda:
"In these tough economic times, it was important to make every effort to bring good jobs to LA and simultaneously exercise due diligence to protect public funds in pursuing this contract.
Unfortunately after months of negotiations, at the last minute satisfactory financial guarantees were not provided and the deal was not signed.
We will continue to work to see that rail cars can be built in LA using local funds to reap the ...