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ECONOMY | 30-05-2018 13:39

British tube operator to bid alongside French, Argentine firms to run BA underground

British tube operator Transport for London (TfL) is keen on securing a multi-million dollar contract with Buenos Aires City to operate the city’s underground network.

British tube operator Transport for London (TfL) is keen on securing a multi-million dollar contract with Buenos Aires City to operate the city’s underground network known as the subte.

As the Times reported in February, TfL is one of a number of international underground transport operators to have expressed interest in the contract.

The company will bid as part of a consortium that includes French firm Keolis and Argentina’s Corporación América, against France’s Paris Metro and the current local operator Metrovías.

“The operators that have come forward have so far exceeded our expectations”, the head of Subterráneos de Buenos Aires Eduardo de Montmollin said at the time. 

The contract between the City and the successful bidder(s) will last 12 years with the option to extend by three years. 

The first round of offers expires in July, including technical proposals, and the second in August. The contract is expected to be granted by October for operations to begin in January 2019.

'LET'S DO IT AGAIN'

The participation of a major British national firm in Argentina was talked up by UK Foreign Secretary Boris Johnson on his recent visit to the country.

“We built the railways once why shouldn’t we do it again?” he said during an event held at the British Embassy in Buenos Aires.

TfL could secure around a quarter of the $3.5 billion contract, The Guardian reported.

“We are examining a wide range of options to generate additional commercial income to invest in running and modernising transport in London. This potentially includes helping with the operation of transport infrastructure on behalf of other cities”, a TfL spokesperson told The Guardian.

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