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Tue 24 Nov 2015 01:52 PM

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Serco wins deal extension for Palm Jumeirah monorail system

Nakheel hires services firm to operate and maintain Dubai monorail for a further five years

Serco wins deal extension for Palm Jumeirah monorail system

Serco Group plc, the international services company, on Tuesday announced it has signed a new contract with Nakheel to continue to operate and maintain the Palm Jumeirah Monorail System in Dubai.

The deal will see Serco continue to operate and maintain the Palm Monorail for a further five years, it said in a statement without giving a value for the contract.

The contract win extends Serco's successful partnership with Nakheel - it began operating and maintaining the Palm Jumeirah Monorail in August 2010.

David Greer, CEO of Serco Middle East, said: "We are delighted to now extend the partnership with Nakheel by operating and maintaining the Palm Jumeirah Monorail System, providing services to local residents and tourists in pursuit of our vision of safe, smooth and affordable public transport for all.” 

Nakheel’s Palm Monorail System extends 5.3km from Gateway Towers (landside) to Atlantis Aquaventure located on the crescent of the iconic Palm Jumeirah Island.

It provides a transport link to the world-famous Palm Jumeirah and will also be linked to Nakheel’s new developments on the island, including Nakheel Mall and The Pointe.

In 2013, Serco signed an extension to its contract with Dubai's Roads and Transport Authority (RTA) to continue to operate and maintain the Dubai Metro.

The five-year extension which will run to September 2019 was valued at approximately $573 million, with an opportunity to extend for a further two years to 2021.

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