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| Re: Canarsie CBTC (97460) | |||
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Re: Canarsie CBTC |
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Posted by Stephen Bauman on Sat Jun 11 12:16:55 2005, in response to Re: Canarsie CBTC, posted by H.S.Relay on Fri Jun 10 18:26:05 2005. The TA did the right thing by allowing copious time to test the system, but Siemens wasted the time - for example by having the design engineers remain in Paris.The TA's only way to come out of this project with some credibility is to declare Siemens in default and recover the entire $288 million plus their own expenses. They've already overpaid by around $200 million based on the latest Paris retrofit contracts. Canarsie's technology isn't going to be used on the Flushing Line or any other system in the world. The only problem is I have not seen any default criteria in the contract the TA wrote. |
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