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This is some background info prepared by Euroconsultants when they pitched the business. It meanders a bit, but it will give you a sense of the railroad. I will send you what I have.
David

> Begin forwarded message:
>
> From: Ioannis Bitzis <i.bitzis@euroconsultants.com.gr>
> To: "'David C. Wittig'" <davidwittig@me.com>
> Cc: 'Paris Kokorotsikos' <P.Kokorotsikos@euroconsultants.com.gr>, 'Vassilis Sotiropoulos' <v.sotiropoulos@euroconsultants.com.gr>
> Subject: RE: Greek railway privatization
> Date: November 7, 2014 at 1:15:22 PM EST
>
> Dear David,
>
> Following the previous communication that you had below with Paris and Vassilis and after a contact with Paris I send you:
> - The attached Proposal - Teaser (in pdf and word format) that we compiled last year for the purpose of getting a mandate from GFR (Romanian Railways), where you can find some initial information regarding Trainose Privatization case – Note: this is an almost same file with the one that Vassilis sent you some weeks ago
> - An announcement about the initially qualified 3 parties for TRAINOSE (in yellow color) - SNCF (French Railway) is actually out of the process, since they don’t have the appropriate financial capability and investment appetite to submit a binding offer
>
> As Paris mentioned, Euroconsultants has already a mandate from GFR in order to bring them an eligible investor and submit a binding offer as a consortium.
> Thus, we believe that GFR is a priority in order to have a direct contact with them and explore possible interest from a US Railway investor and team up together.
> Vassilis sent already below the current deadlines (e.g. 30/11/2014 last day for bidder consortium to change their composition and a new entity (US investor) to enter in the process with one of the 3 qualified parties
>
> Let us know if there is anything else needed at this initial stage.
>
> I give again the floor to Paris and Vassilis.
> Looking forward for your feedback.
>
> Best regards,
>
> Yannis
> Ioannis Bitzis, Dipl.Eng, MBA
>
> Senior Director
> Project Finance & Management Consulting
>
> 8 Akademias St., 3rd floor, 106 71, Athens, Greece
> Tel. +30 211 100 1600, Fax + 30 210 361 5581, Dir.+30 211 100 1621, Mob + 30 6974 3000 88
> E-mail: I.Bitzis@euroconsultants.com.gr <mailto:I.Bitzis@euroconsultants.com.gr>
> http://www.euroconsultants.gr <http://www.euroconsultants.gr/>
>
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> <>
> -----Original Message-----
> From: Ioannis Bitzis [mailto:i.bitzis@euroconsultants.com.gr <mailto:i.bitzis@euroconsultants.com.gr>]
> Sent: Friday, November 7, 2014 7:21 PM
> To: 'Paris Kokorotsikos'; 'Vassilis Sotiropoulos'
> Cc: 'David C. Wittig'
> Subject: RE: Greek railway privatization
>
> Paris,
>
> After our discussion just some min. ago I'll re-send the teaser to David shortly.
>
> -----Original Message-----
> From: Paris Kokorotsikos [mailto:P.Kokorotsikos@euroconsultants.com.gr <mailto:P.Kokorotsikos@euroconsultants.com.gr>]
> Sent: Friday, November 7, 2014 7:18 PM
> To: 'Vassilis Sotiropoulos'; 'Ioannis Bitzis'
> Cc: 'David C. Wittig'
> Subject: RE: Greek railway privatization
>
> Dear Vasilis and Ioannis
> Pls send to David the Teaser/and Ioannis write a memo on the update I did to you In principale the Romanian Shortlisted GFR MARFA is interested to join a US company for the bid and Russians are not anymore noneligible.
> There is a plan B that I explained to David over the phone Regards Paris
>
> -----Original Message-----
> From: Vassilis Sotiropoulos [mailto:v.sotiropoulos@euroconsultants.com.gr <mailto:v.sotiropoulos@euroconsultants.com.gr>]
> Sent: Friday, November 07, 2014 3:27 PM
> To: ΠΑΡΙΣ ΚΟΚΟΡΟΤΣΙΚΟΣ; Ioannis Bitzis
> Subject: FW: Greek railway privatization
> Importance: High
>
>
>
> -----Original Message-----
> From: Vassilis Sotiropoulos [mailto:v.sotiropoulos@euroconsultants.com.gr <mailto:v.sotiropoulos@euroconsultants.com.gr>]
> Sent: Friday, November 07, 2014 2:49 PM
> To: 'David C. Wittig'
> Subject: RE: Greek railway privatization
> Importance: High
>
> D
> The bid is proceeding as planned, i.e.:
> 31/12/2014 submission of binding offers
> 30/11/2014 last day for bidder consortium to change their composition
> 5/11/2014 Greece formally asked for independent valuators (this is typical action just before closing)
>
> My understanding is that many people would be happy if a US operator entered in one of the short listed bidders (i.e., the Russian or the Romanian). As of now, only the Russian candidate is eligible.
> We have open communication with a)TAIPED - the Greek seller b) IBG - The advisor c) Alpha Bank - The financial advisor of the Romanian candidate.
> However, we have no access to hard, confidential and crucial information, since we have not expressed partnership interest.
>
> A decision should be made within the next days to express formally interest and contact either of both the candidates. Then the US client should enter in an NDA with the buyers' advisors to get the already digested and detailed information and decide before the end of the month if he would enter a consortium.
> After entering the consortium we could expect the 31/12/2014 deadline to move a month back.
>
> I have arranged to meet with Aimilios on the matter (as well as the banking matter).
>
> Do you find the timetable plausible?
>
> Best
>
> C
>
>
> -----Original Message-----
> From: David C. Wittig [mailto:davidwittig@me.com <mailto:davidwittig@me.com>]
> Sent: Friday, November 07, 2014 6:58 AM
> To: Vassilis Sotiropoulos
> Subject: Re: Greek railway privatization
>
> V,
> Did we have any additional information on the railroad?
> D
> > On Oct 16, 2014, at 9:58 AM, Vassilis Sotiropoulos
> <v.sotiropoulos@euroconsultants.com.gr <mailto:v.sotiropoulos@euroconsultants.com.gr>> wrote:
> >
> > <Candidate Cooperation Proposal_B' Phase of Tender Process of
> > Trainose_v 2
> 1-2.pdf>
>
>
>
>
> -----
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