Saudi announces new Riyadh metro project
Riyadh, May 15, 2012
Saudi Arabia on Tuesday launched a tender process to build a new metro system in the capital of Riyadh in an effort to ease congestion on the city's gridlocked roads.
The Arriyadh Development Authority (ADA) invited international consortia to prequalify for the project, which it wants to be finished in four years.
'ADA invites global consortia specialised in the production and supply of rolling stock, control and telecommunications systems as well as metro tunnelling, civil, mechanical and electrical works to prequalify for Riyadh metro project,' it said in a statement.
Metro projects typically cost billions of dollars to build. The prequalification notice came with a June 20 deadline.
In April, the Saudi Cabinet approved plans to develop a new public transport network in the city within four years that would include both a metro and a new fleet of buses.
The project will be overseen by a committee headed by Prince Sattam, who was appointed Riyadh Governor in November and is chairman of ADA, and also including the finance and transport ministers.
About four-fifths of the network would be underground, including a line running under Al-Olaya Street, Al-Watan daily wrote on Tuesday quoting 'informed sources'.
Saudi Arabia has only limited public transport facilities and Riyadh suffers grinding congestion for much of the day and into late evenings.
In December the government announced a 690 billion riyal ($184 billion) budget for 2012, as it seeks to boost infrastructure, education and health. - Reuters
More Industry, Logistics & Shipping Stories
- Flare, Jordan form parent company ‘Aereon’
- Drydocks delivers second MCV for US
- ASIS launches amphibious leisure boat
- Taskforce sought to develop Saudi downstream sector
- DP World launches $200m India project
- RAK 'exploring' ceramics unit stake sale
- Mideast carriers top global air freight growth
- DMCA launches maritime solution apps
- Saudi plans oil-to-chemicals plant at Yanbu
- Sabic gets four bids for JV with Mitsubishi Rayon
- Pentair, IDC launch industrial services JV
- Major maritime conference to be held in Dubai
- GPIC wins key IFA certification
- Gulf rules must aid e-commerce: Aramex
- Gulftainer expands 2013 ops by 50pc
- DMCA to take part in Dubai boat show
- Al Namal to launch eco-friendly chillers
- Abu Dhabi city ports to receive facelift
- Kuwait Styrene posts $180m net profit
- Drydocks set for key energy event
- Aramex launches new address check system
- Toshiba in green push at Bahrain expo
- Equate net profit surges 14pc to $1.2bn
- Shaikh Daij named new Alba chairman
- Al Abbas wins logistics rights to Sudan
- Milaha profits jump 14pc to top $260m
- BIC, Al Zayani renew partnership
- Dubai Metro to open 2 stations Saturday
- Top petchem firms back UAE plastics events
- DGCX, China’s DCE launch plastics futures