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Saudi Arabia Procurement News Notice - 79598


Procurement News Notice

PNN 79598
Work Detail Operation was due to start this month Saudi Arabia has decided to officially inaugurate the Riyadh Metro in its capital at the start of 2025, nearly 10 years after the project was awarded to three consortiums, a newspaper in the Gulf Kingdom reported on Tuesday. The metro, one of the world’s largest public transport systems, had been due to be launched in October but operations were postponed to 2025, the Arabic language daily Aleqtisadia said, quoting “informed” Saudi sources. “The Riyadh Metro Company has set the beginning of 2025 as the date for the commissioning of the metro,” the report said. Phase 1 of the project covers nearly 50 percent of the road network and operators will meet next month to decide on ticket prices, it added. In 2013, the Saudi government awarded $22.5 billion in contracts for the design and construction of the Riyadh Metro, part of a massive domestic public transport system. US construction giant Bechtel Corp heads a group which won a $9.45 billion contract to build two lines while a consortium led by Spains Fomento de Construcciones y Contratas won a $7.82 billion contract for three lines. Italys Ansaldo STS heads a group that won a $5.21 billion order.
Country Saudi Arabia , Asia
Industry Transportation
Entry Date 17 Oct 2024
Source https://www.zawya.com/en/projects/construction/saudis-riyadh-metro-to-take-off-in-early-2025-report-eqtkoz77

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