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MORRISON KNUDSEN RESPONDS TO GAP BETWEEN MK AND SIEMENS 'GREEN LINE' BIDS

 BOISE, Idaho, June 11 /PRNewswire/ -- The following statement was issued today by William J. Agee, Morrison Knudsen Corp. (MK) (NYSE: MRN) chairman and chief executive officer, in response to the $18-million gap between the Morrison Knudsen and Siemens "Green Line" bids:
 "It's ironic that on the very same day that Mayor-elect Richard Riordan was lobbying in Sacramento for additional funding for Los Angeles, the Metropolitan Transportation Authority staff was recommending spending 18 million in additional taxpayer dollars to award a key rail contract to a German firm.
 "The competition between Siemens and our team, composed of Morrison Knudsen, General Electric, Hughes and Lockheed, couldn't have been closer. But what isn't close is the $18-million gap between our lowest bid and their second-highest bid.
 "Why was it that price was the determining factor for other transportation agencies -- including those in San Francisco, New York, Chicago, Philadelphia and Amtrak -- while appearing to be immaterial in Los Angeles?
 "We plan to build these state-of-the-art railcars in California, and we will contribute $37 million to the state's economy.
 "At the same time, up to 300 Californians will be employed on this project. One can only imagine how many additional jobs could be created if the $18-million difference was applied to other projects.
 "While we are disappointed in the staff report, we remain hopeful that the Los Angeles County Metropolitan Transportation Authority will carefully review our lowest bid and will award the contract to our American team so we can get the job done."
 -0- 6/11/93
 /CONTACT: Kevin Brett of Morrison Knudsen, 208-386-6611/
 (MRN)


CO: Morrison Knudsen Corp.; Los Angeles County Metropolitan
 Transportation Authority ST: California, Idaho IN: TRN SU:


SW -- SE007 -- 1193 06/11/93 16:08 EST
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Publication:PR Newswire
Date:Jun 11, 1993
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