A consortium of Grupo NOV of Portugal and China Railway Tunnel Group Co. Ltd, a subsidiary of state-owned China Railway Engineering Corp., will bid to build urban railways in Portugal and in Brazil, Expresso reports.
The Portuguese weekly newspaper says that, after a failed bid for the expansion of the Lisbon subway, the consortium is bidding for two contracts offered by the developer of the underground railway in the Portuguese city of Oporto, together worth 300 million euros (US$333 million).
The report quotes Grupo NOV Chief Executive Joaquim Paulo Conceição as saying China Railway Tunnel brings specialist know-how and money to the partnership, which covers all markets where Grupo Nov is present, including Brazil.
The consortium is preparing a bid to build a light railway in Brazil, Expresso quotes Mr Conceição as saying.
