Middle East Business Information and Trade News Portal
Friday, March 19, 2010
Trade Jobs
 
   
  Featured Jobs of the Day
   
  Featured Jobs of the Week
   
Market Trends
 
 
Business Directory
  Search Directory
  Company Name
  Business Activity
 
 
 
   
News Categories
 

 

Results By

   
  Agriculture & Farming
Banking & Finance
Building & Construction
Capital Market
Defence & Security
Economy
Education, HR & Training
Energy, Oil & Gas
Environment & Water
Food & Catering
Government & Laws
Health
Industry
Interiors
IT & Telecommunications
Media & Promotions
Motoring
Property & Real Estate
Retail & Wholesale
Shipping & Transport
Tourism, Travel & Leisure
International News
Int. Business News
   
Tools
Country Briefings
Currency Conversion
Events
Calendar Of Events
Leisure, Lifestyle & Entertainment
 

   
 
DHgate is a china wholesale marketplace for: wholesale cell phones, wholesale electronics, wholesale wedding dresses, wholesale apparel, wholesale cell phone cases, wholesale clothing, wholesale cell phone accessories,
and dropship
   
B2B Marketplace, B2B Directory A B2B Portal for Buying & Selling Leads from worldwide importers exporters suppliers and wholesalers <more>
   
   
 
   
 
   
 
 NEWS > BUILDING & CONSTRUCTION 
 
Search for: Results per page:

Match: any search words all search words
 

3 consortia bid for Abu Dhabi highway upgrade
Abu Dhabi
 



The Department of Transport (DoT) in Abu Dhabi has received bids from three international consortia competing for the 25 year concession to upgrade, finance, operate and maintain the Mafraq - Ghweifat Highway.

The highway, which stretches 327 km from Mafraq to the border at Ghweifat, provides the only access to the Western Region, including the industrial centre of Ruwais and several important tourist destinations.

The project is the first transport-related public private partnership (PPP) project to be undertaken in the GCC. It will see the highway widened to four lanes in each direction (three in the less-trafficked portions near Ghweifat) and upgraded to meet world’s best standards in highway design, safety, communications and services to users.

Once completed, the winning consortium will be responsible for maintaining and operating the upgraded highway while meeting stringent performance standards relating to safety, availability and quality for a period of 25 years.

Payment to the Consortium will be via a series of equal payments spread over 25 years. These ongoing payments will be subject to deductions for failure to meet the prescribed performance standards and will ensure the consortium remains accountable for the operational performance of the road over the 25-year period.

This PPP payment method differs significantly from the more traditional approach where the contractor is paid in full as construction is completed, and has little or no involvement or accountability for the operational performance of the road over the long term.

The following are the three consortia to submit proposals for the project:

IRTIBAAT Consortium – comprising global banking, financial, advisory, investment and funds management services firm Macquarie Capital Group; equity participants Abu Dhabi Commercial Bank and Construtora Norberto Odebrecht; construction firms N.V. Besix and Al Jaber Transport & General Contracting; Transfield Services International, provider of operations maintenance and asset management services; and design consultants Mouchel Middle East.

Mafraq Motorway Group – comprising European construction group, Strabag SE; UAE civil engineering and building contractors, Saif Bin Darwish; Construction group Joannou & Paraskevaides Ltd; Concession Operations, J&P AVAX SA; and Egis Projects SA.

MTD-CSCEC Consortium – comprising international infrastructure developer and civil contractor, MTD Group; China State Engineering Construction Company; UAE contractor, Ghantoot Transport.

“The project has attracted substantial international interest – the companies competing to deliver the project are among the largest and best in their field. The project also requires significant input from local companies, who will work closely with the international firms and benefit from the transfer of international best practice.” Said Eng. Faisal Al Suwaidi, general director of Main Roads for the Department of Transport in Abu Dhabi.-TradeArabia News Service


 
   
 
     
Related Showrooms
Qanbar Dywidag Precast Concrete Company
Gulf Construction Magazine (Arabic )
Doka- The Formwork Experts
STONE Steinveredelung GmbH
Dizayn Group
 
PAGES  1 |  2 |  3 |  4 |  5 SEARCH ARCHIVES
       
 

 
Today's Poll
Which one of the following countries do you think is the leading economic power in the world today?
U.S.A
China
Japan
European Union

 

 
 

Advertising | Contact | Feedback | Privacy Statement | Terms of Service | Web Feeds
Copyright (c) 2010, Al Hilal Publishing & Marketing Group