The EU Commissioner for Internal Market, Thierry Breton, released a statement Tuesday on the withdrawal by CRRC Qingdao Sifang Locomotive Co., Ltd. from public procurement following the Commission's opening of an investigation under the Foreign Subsidies Regulation. The Commission takes note of the withdrawal by the Chinese company from a public procurement tender organized by the Bulgarian Transport Ministry. The withdrawal follows the Commission's announcement of an in-depth investigation under the Foreign Subsidies Regulation. As a result of the withdrawal, the investigation will be closed.
The public procurement tender concerns the purchase of 20 electric push-pull trains, as well as their maintenance over 15 years. The estimated value of the contract is around BGN 1.2 billion or EUR 610 million.
CRRC Corporation Limited is a Chinese state-owned rolling stock manufacturer. It is the world's largest rolling stock manufacturer in terms of revenue. Rolling stock manufacturers produce the locomotives and carriages used by railway operators, as well as subways, trams and other railway vehicles.Sofia Central Railway Station (BTA Photo)
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