Bahrain set to launch metro tenders in Q1 2023
MANAMA, November 6, 2022
Bahrain is set to launch the tender for the construction of its metro project in the first quarter of 2023, reported the Gulf Daily News, our sister publication, citing a senior government official.
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The pre-qualification tender for the kingdom's ambitious project was issued and closed in May this year.
TradeArabia had earlier reported that a total of 11 leading global infrastructure majors - including French sustainable mobility expert Alstom, Korea's Hyundai Engineering and Indian construction conglomerate Larsen and Toubro (L&T) in addition to Chinese heavyweights Harbour Engineering and China Railway Group and Egyptian builder Orascom - had been prequalified for the Phase One of Bahrain Metro.
The others in the list include Plenary Asia (Singapore); Virtue Global Holding (UK) and CRRC (Hong Kong) Company in addition to regional heavyweight Orascom Construction (Egypt).
Also two Bahraini utility groups - Aradous Energy Generation Company and Taqi Mohammed Albaharana Trading Establishment - are in the fray.
Bahrain's Ministry of Transportation and Telecommunication (MTT) had announced the winning developer/consortium will implement the project on DBFOMT (Design, Build, Finance, Operate, Maintain, Transfer) basis with a contract period of 35 years.
Being implemented in four phases, Bahrain Metro's Phase One comprises two lines running 29 km long covering 20 stations.
Estimated to cost around $2 billion, the Bahrain Metro project marks an important milestone as it will provide a fast, comfortable, reliable, sustainable and modern transportation system in the kingdom, thereby improving the standards of living, said the ministry in its statement.
With this state-of the art, fully automated, driverless metro system, MTT plans to develop an efficient public transport service in the kingdom, it stated.
A team of top financial, technical, and legal advisors have been roped in for the project led by KPMG as the lead transaction advisor, Egis as the technical advisor and DLA Piper as the legal advisor for procurement of this project on a PPP basis, it added.
