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Siemens Prepares Bid for U.S. High-Speed Train Project, FAZ Says

Siemens AG plans to bid for a high-speed train project in Florida, Frankfurter Allgemeine Zeitung reported, citing an unidentified spokesman.

Siemens is working with French rail service operator Veolia Environnement SA, Swedish construction company Skanska AB and others on a bid to build the U.S.’s first high-speed train connection between Tampa and Orlando, the newspaper said. Construction work on the track will start next year, FAZ said.