Saudi Electric gets $480m gov't rail contract

Power utility to also provide electricity to stations along the Makkah-Medina rail link.
Saudi Electric gets $480m gov't rail contract
SAUDI RAIL: The link aims to cater to some 4 million pilgrims who visit these shrines each year.(Getty Images)
By Souhail Karam
Tue 21 Sep 2010 04:36 PM

Power utility Saudi Electricity obtained a 1.8 billion riyals ($480m) contract from its main shareholder, the Saudi government, to connect a planned high-speed rail link to its grid.

Under the contract, awarded by the finance and transport ministries, the Gulf's biggest utility by market value would also provide electricity to stations along the 300-mile-long railway link between Madina and Makkah, home to the Islam's holiest shrines, the official SPA news agency said.

The link aims to cater to some 4 million pilgrims who visit these shrines each year. (Reuters)

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