Thursday, 16 October 2008 |
updated 1 minute ago
06:27 UAE time

YOUR DIRECTORY /

Saudi Landbridge contract to be awarded by March 2008

by This email address is being protected from spam bots, you need Javascript enabled to view it on Wednesday, 16 January 2008

The Saudi Railways Organization (SRO) is expected to award the estimated US $5 billion BOT contract for the Landbridge project within the next two months according to one of the bidding consortia.

Bids for the project are currently under evaluation.

Four bidders that were pre-qualified to participate in the tender for the Saudi Landbridge Project have submitted their bids.

Story continues below ↓

The bidders include Agility PWC Logistics Consortium, Mada Consortium, Saudi Binladin Consortium and Al Muhaidib/ACWA (Tarabot) Consortium.

The SRO is confident that it will be in a position to select the Winning Bidder in the first quarter of 2008.

Speaking to Construction Week, Ahmed Anees, official spokesperson for Saudi Binladin Group said: "The contract is expected to be awarded within the next two months. We were pre-qualified to bid for it and we stand a very good chance at the moment.

"We have also bid for the Makkah-Madinah Rail Project, which is also about $5 billion. That is expected to be awarded at the end of this year. We're also bidding for the Riyadh Metro project.

The Saudi Landbridge Project will transform the existing railway network in Saudi Arabia into a world-class freight and passenger network linking the east and west coasts of the country.

It will have the capability to move large quantities of cargo over long distances at competitive rates and will offer safe and comfortable overland passenger transport. The Landbridge will connect the port cities of Jeddah, Dammam and Jubail and will pass through the capital city Riyadh, serving its dry port. The project, which is being tendered on a BOT basis, is one of the largest of its kind undertaken in the Middle East to date.

READERS' COMMENTS

View all comments (0)

Have your say

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.

Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country

Subject *

Comment *


Notify me of further comments
Security Code *
Please click post only once - your comment will not be published immediately.