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More bids to go ahead

By Geng Wenxin (Global Times)

08:12, June 08, 2012

The ministries of railways, transport and water resources will allow private firms to bid for projects in the railway, hydropower and transportation sectors, which will add transparency to the bidding process, experts said yesterday.

By the end of June, railway-related projects, which have been controlled by the Ministry of Railways (MOR) and its regional bureaus, will all be put into the public resources trading markets for bidding, Sheng Guangzu, minister of railways, said at a conference Monday in Nanchang, Jiangxi Province.

"Private companies have enormous difficulties in bidding successfully for projects, no matter how good their solutions are," an expert at a research institute under the MOR who wished to remain anonymous told the Global Times yesterday.

Meanwhile, officials from the Ministry of Transport and the Ministry of Water Resources said at the same conference that transportation projects and government-funded hydropower projects will also be put up for public bidding.

"Tendering the bids in open markets will prevent administrative intervention and provide a better competition environment and more opportunities for private companies," said Li Yongzhu, a professor at the University of International Business and Economics.


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