Veolia Transport to bid for Denver rail deal

PARIS, May 14 (BestGrowthStock) – Veolia Transport (VIE.PA: ) plans to
submit a bid for a rail contract to build and operate two train
lines in Denver as part of a consortium, a company spokesman
said on Friday.
Daily newspaper Les Echos reported earlier that the offer
would be submitted on Friday and said the contract was the first
public-private partnership in the United States railway
industry.

Two consortia are competing for the deal, which involves $2
billion of initial investment and $50 million per year for the
operation of the lines over 40 years, Les Echos said.

One is led by Australian investment group Macquarie
(MQG.AX: ), working with engineering group Fluor (FLR.N: ). The
other is led by bank HSBC (HSBA.L: ), and includes Siemens
(SIEGn.DE: ), Kiewit and Veolia Transport, Les Echos said.

“The strength of the consortium lies in its experience,” the
newspaper quoted Veolia Transport Chief Executive Cyrille du
Peloux as saying.

“Kiewit and Siemens already have Denver’s tramway as a
reference point, while Veolia Transport operates 20 percent of
the city’s buses.”

Denver’s authorities will make their choice in mid-June, Les
Echos said.

Stock Market News

(Reporting by Helen Massy-Beresford; Editing by Hans Peters)

Veolia Transport to bid for Denver rail deal