FINANCIAL NEWS

Saudi Railways extends Haramain bidding until July 3rd

07 Jun 2010

(MENAFN) Saudi Railways Organization (SRO) announced that it has extended the due date to July 3rd for the bidding round of the second phase of Haramain High Speed Railway Project (HHR) that will connect Makkah and Madinah via Jeddah, Reuters reported.

SRO President, Abdulaziz Al Hokail said that the extension decision was taken after a number of consortia requested for an extension for the period granted to them to submit their technical and financial proposals.

He explained that the SRO is seeking to obtain more accurate, professional and integrated proposals; therefore, it has approved the request of consortia to extend the period until July 3rd. However, this delay will not affect the specific date for commissioning the project, which is scheduled for the end of 2012.

Al Hokail said that this part of the project on technical and operational aspects, and the tender calls for the construction of track, signaling, telecommunications, electrification and operational control centre for the HHR.

It also includes the procurement and maintenance of trains, providing additional energy to meet the growing demand over the concession period. Upon completion, the bidder is required to operate and maintain the entire infrastructure for 12 years, Al Hokail added.

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