Continuo Market News The Belgian State Council suspends SNBC's decision to award future trains to CAF

Consensus of the Banc Sabadell Market The Council of State of Belgium suspended last Thursday the decision of the Belgian national railway network (SNCB) to award the manufacture of future trains to CAF for lack of transparency in the award process, according to the press. We remember that the National Society of Belgian Railways (SNBC) appointed CAF as the preferred supplier for an initial contract of c.1,695 million euros (which could finally…