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MÁV challenges board's decision

Hungarian railway company MÁV Rt will turn to the courts to challenge the legality of a decision by the Procurement Arbitration Board nullifying the results of tender it called for rail vehicles, MÁV said yesterday. The board said Tuesday it had nullified the results of a tender for railway vehicles won by Switzerland's Stadler. The only other bidder in the tender, Canada's Bombardier, was disqualified because MÁV deemed the price the company offered to maintain the vehicles unrealistically low. The Arbitration Board said Bombardier should reformulate its offer, changing some parts, but keeping the overall offer the same. MAV argues that this implies that Bombardier's original offer was invalid.