:redstar: Spartacus on Nostr: Another colossal failure of the #EU #China pulls out of #Bulgaria's $660 million rail ...
Another colossal failure of the #EU
#China pulls out of #Bulgaria's $660 million rail project after EU intervention.
Chinese company #CRRC bid the project at $390 million, significantly undercutting Spanish competitor Talgo's $670 million bid, the EU launched an investigation citing possible unfair subsidies. This forced the withdrawal of CRRC, leading to the selection of Talgo, who later abandoned the project due to technical challenges.
Bottom line, no train for Bulgaria.
Thanks #FrauUrsula
#China pulls out of #Bulgaria's $660 million rail project after EU intervention.
Chinese company #CRRC bid the project at $390 million, significantly undercutting Spanish competitor Talgo's $670 million bid, the EU launched an investigation citing possible unfair subsidies. This forced the withdrawal of CRRC, leading to the selection of Talgo, who later abandoned the project due to technical challenges.
Bottom line, no train for Bulgaria.
Thanks #FrauUrsula