Siemens Plans Active Role In Mexican Infrastructure Tenders
Wednesday March 12nd, 2008 / 23h39
MEXICO CITY -(Dow Jones)- German conglomerate Siemens AG (SI) said Wednesday it's planning to participate actively in a major port project in Mexico this year, as well as other transport, energy and water treatment works. Siemens said in a press release that it's preparing proposals to provide technology for the automation of the Punta Colonet port in northwestern Mexico, and is also interested in a railway that is planned to connect the port to the U.S. The government plans to start seeking bids for the Punta Colonet project between the second and third quarters of the year. Siemens said it's interested in providing automation technology for suburban passenger rails to be built in and around Mexico City - "regardless of who wins the tenders" - while also planning to present its own bids for the two suburban lines and a new line to be added to the Mexico City Metro system. Siemens said it will bid on projects for the state-run electricity company Comision Federal de Electricidad, or CFE, and that it will invest at least $30 million this year in water treatment projects in Mexico. -By Anthony Harrup, Dow Jones Newswires; (5255) 5080 3450, anthony.harrup@dowjones.com
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