Spain's ACS wins 1.2bn dollar high-speed train contract in US

Real Madrid's President Florentino Perez speaks at Santiago Bernabeu stadium in Madrid, July 17, 2014A consortium headed by Spanish builder ACS has won a contract worth $1.2 billion (960,000 euros) to build part of a high-speed railway system in California in the United States, the government of California said Friday. The California High-Speed Rail Authority selected the consortium to build a 105-kilometre (65-mile) segment of the system between the city of Fresno to Bakersfield, it said in a statement. The consortium is made up by Dragados USA Inc., a subsidiary of ASC which is headed by Real Madrid president Florentino Perez, Flatiron which is controlled by Germany’s Hochtief which belongs to ACS and US firm Schimmick Construction. “Today is a significant milestone as we continue building the nation’s first high-speed rail system,” said Jeff Morales, the rail authority’s head.

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