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FINANCIAL NEWS
Saudi Arabia prequalifies 4 consortia for Riyadh Metro
31 Jul 2012
(MENAFN) Saudi Arabia made an early prequalification for four consortia including two led by Canada’s Bombardier and French firm Vinci, to build a new metro system in Riyadh to ease bottlenecks on its populous streets, Reuters reported.
Saudi Arabia has only limited public transport facilities and Riyadh suffers grinding congestion for much of the day and into late evenings.
Citing the Kingdom’s news agency SPA, the pre-qualified consortia were made of 33 companies from 15 countries and included some of the world’s top train manufacturers.
The first group is led by French construction and concession firm Vinci, and includes Germany’s Siemens, according to SPA.
The second is led by Canadian firm Bombardier and includes Turkey’s Yapi Merkezi, Spain’s Obrascon Huarte , South Korea’s GS Engineering and Construction Corp and Britain’s Serco.
The third is led by Spain’s FS Engineering and Construction and includes France’s Alstom Transport, South Korea’s Samsung C&T Corp..
The fourth consortium is led by Austria’s Strabag and includes Italy’s Ansaldo STS, Switzerland’s Stadler Rail, India’s Larsen & Toubro Ltd, UK’s Hyder Consulting and US firm Worley Parsons.
In April, plans were nodded by the Saudi cabinet to develop a new public transport network in the city within four years. The plans include both a metro and a new fleet of buses.
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