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FINANCIAL NEWS
Saudi awards India’s L&T UAD162m Riyadh metro contract
05 Sep 2015
(MENAFN) Indian engineering and construction firm Larsen & Toubro (L&T) said it has won a contract worth USD162 million in Saudi Arabia to construct key facilities for Riyadh Metro lines.
As per the deal awarded by BACS consortium (Bechtel ” Almabani ” CCC ” Siemens), L&T will be constructing ballastless tracks for Riyadh Metro Lines – 1 and 2 on a design and build basis.
The project involves the construction of 62.86 km of double ballastless tracks in tunnels, viaducts, at grade sections and three depots.
The project is scheduled to be completed in 40 months, said the Railway Business Unit of L&T Construction, which has won the award.
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