Siemens wins M4 tender

City

Siemens Aktiengesellschaft, Siemens Transportation Systems S.A.S., and Siemens Zrt won the public procurement tender of Budapesti Közlekedési Zrt (Hungarian Transportation Plc) for supplying the equipment that provides electricity for the trains. The company will build the energy providing equipment and automatic train and station supervising system, controling 15 rtains, in the first phase on the 7.4 kilomteres long railway between Etele tér and Baross tér for € 108.85 million. Besides all these, winner would have to install IT and telecom network, optical and radio transmitting systems, the fire alarm system and power supply centers. Alstrom Transport SA., the M-Four-U consortium, Ganz Transelektro Közlekedési Zrt and a Sagem Magyarország also tendered, and asked € 107.035, a lower price than the winner. In previous news, Management forum says, the section of M4 should be finished, between Etele tér and Baross tér, till the end of 2009, and the line to Bosnyák tér to be done a year later. The whole project would cost about Ft 312 billion, excluding tax, the first phase costs Ft 236 billion. (Portfolio, mfor.hu)

ADVERTISEMENT

Climate change hurts economy, but creates new business oppor... Analysis

Climate change hurts economy, but creates new business oppor...

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Protestors demonstrate against Fudan Uni campus in capital City

Protestors demonstrate against Fudan Uni campus in capital

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.