CAF Has Tram Contract With Tallinn Annulled, BNS Reports

Construcciones & Auxiliar de Ferrocarriles SA, had its contract to supply the city of Tallinn with 15 trams annulled by the country’s public procurement appeals committee, the Baltic News Service reported.

The deal had been valued at 44.3 million euros ($57.8 million), according to BNS. The ruling can be contested with the administrative court within 10 days, the newswire reported.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE