Hong Kong's MTR Plans $2.58 Billion Bid for Sydney Contract: Sing Tao

MTR Corp. plans to make a bid for part of the Sydney Metro City & Southwest rail contract, Sing Tao Daily reported, citing people it didn’t identify.

The Hong Kong rail company will participate in the bidding for a HK$20 billion ($2.58 billion) contract that involves building and operating the Southwest link, the Hong Kong newspaper said. An MTR spokesperson said it’s been invited by the New South Wales transport bureau to provide design and technical support service on the Southwest link, the paper said.

The total value of the project investment is about A$12 billion ($9 billion), according to Sing Tao.

MTR in September 2014 formed a 60-percent-owned venture in Sydney to run the rail operations of Sydney Metro North West link.

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