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FINANCIAL NEWS
Greek firm to build USD1b Doha Metro gold line
30 Dec 2014
(MENAFN) Qatar said that the consortium responsible for delivering the USD4.2 billion gold line of Doha’s Metro has been able to secure funding of about USD1 billion to build the line, Arabian Business reported.
The consortium, led by Greece’s Ellaktor alongside Larsen & Toubro of India, Qatar’s Al Jaber Engineering and Turkish firms Yapi Merkezi Insaat and STFA, has been appointed to build the biggest and most complex of the lines being constructed during phase one of the Doha Metro, which is expected to be running by 2019.
The consortium said that the gold line is expected to begin its run in the south east of Doha from Airport City North and continues westwards to Villagio.
“We are very proud to have been given the opportunity to play an important role in the development of the state of Qatar. The JV members bring in international and local expertise to this landmark project,” Project Director for The Consortium said.
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