CRRC abandons EUR 610 million Bulgarian train tender amid EC investigation

The public procurement tender concerns the purchase of 20 electric “push-pull” trains, as well as their maintenance over 15 years. The estimated value of the contract is around BGN 1.2 billion (EUR 610 million), Commissioner for Internal Market Thierry Breton said in a statement published on the Commission's website. CRRC Corporation Limited is a Chinese state-owned rolling stock manufacturer. It is the world's largest rolling stock manufacturer in terms of revenue. The Commission initiated an in-depth investigation due to suspicions that the Chinese company had received foreign state subsidies that "distorted" the internal European market.