China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (5689)	1/19/2006 12:49:49 AM
From: RealMuLan	Read Replies (1) of 6370

China invited to bid for billion-dollar bridge contract in California 01.18.2006, 11:22 PM SAN FRANCISCO (AFX) - Chinese companies have been invited to vie for a 1.4 bln usd contract to build a San Francisco bridge, California officials said. California transportation secretary Sunne McPeak told Agence France-Presse she delivered the project bid requirements to a vice minister of communications in China during a November trade visit there with Governor Arnold Schwarzenegger. McPeak has been trying to lure bidders for the job in the hope of driving down the cost of an earthquake-resistant Bay Bridge span, the price of which has soared during the years politicians have wrangled about the project. The decision to replace a span of the bridge linking San Francisco to the city of Oakland came after a section of it gave way in a major earthquake in 1989. A computer disk McPeak delivered to China bore specifications for a 1.4 bln usd 'signature span' that will consist of a tower, cables and road bed. 'We told them if they needed further information we would conference call or would send a delegation to China,' McPeak told Agence France-Presse. 'We are reaching out to everybody in every way we know how to increase the potential for multiple bidders on the most complex piece of the bridge.' The state committee overseeing the project will meet next week to decide whether to extend the bidding deadline, which was Feb 1. Chinese officials arranged a meeting with California representatives and Chinese business people that expressed interested in the bridge contract but indicated they would need more time to craft a bid, McPeak said. Some business people from Spain have also inquired about the contract, according to McPeak. A consortium consisting of Nippon Steel Bridge, American Bridge, and Fluor Corporation was the only contender when the project was first put out for bid nearly two years ago. A political maelstrom was sparked by the lone bid of 1.4 bln usd, which was twice what the state estimated the job would cost. 'We have been reaching out globally to all potential bidders or companies that could be part of a consortium,' McPeak said. 'What is so challenging for this particular project is not only the complexity of the design, it is the fabrication specifications for steel. Which is why a limited number of companies can do the fabrication.' gc/mk/dk forbes.com

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