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FINANCIAL NEWS
Qatar Railways awards USD406m contracts for Doha metro
14 Aug 2012
(MENAFN) Qatar Railways Co has awarded contracts totaling USD406.4 million for its planned USD36 billion metro in Doha, Reuters reported.
Abdullah Al-Subaie, managing director of Qatar Railways, said in a press conference that the company has awarded three contracts worth USD313.1 million to manage the metro’s three out of four lines.
The first contract was given to US-based Jacobs Engineering Group to manage the metro’s Red Line, while the second contract was given to a team of US-based Louis Berger and France’s Egis Rail to manage the Gold Line and main stations. The third contract was awarded to US-based Hill International to manage the Green Line.
Al Subaie also said that an enabling works contract worth USD79.1 million was awarded to PORR-SBG-HBK Group, a division of Qatari firm HBK Contracting Co.
Britain’s Lloyd’s Register won a contract for independent safety assessment worth USD15 million.
Al Subaie expected the metro to start operations in the fourth quarter of 2019.
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