|
Build-operate-transfer (BOT) contract, involving construction of a 950-kilometre rail link and a 115-kilometre connection between ports and industrial cities. Total budget for the project is estimated to be USD5 blns This project has been postponed indefinitely, as the client is experiencing difficulties to co-ordinate between the Ministry of Transport & Municipalities and local authorities to acquire the corridor of land required. July 27, 2006
Request for proposals (RFPs) on this scheme will be issued by the end of 2006. Meetings have been held to start work on recourse and revenue clarification with each of the four pre-qualified consortiums. June 22, 2006
Meetings have been held with the four consortiums pre-qualified for the BOT contract. At the meetings, pre-qualifiers were invited to review details of the BOT contract in advance of the release of tender documents. June 14, 2006
The client has finalised the list of pre-qualifiers for the BOT contract on this scheme. Four consortiums have been pre-qualified to submit technical and commercial proposals. They are Saudi Binladin Group comprising El-Seif Engineering Contracting, Deutsche Bahn, Mitsui & Company; France's Bouygues with Consolidated Contractors International Company (CCC), Athens-based CMA CGM, France's Orascom Construction Industries, Egypt's Abdullatif & Mohammed al-Fozan Development Company and Omran al-Omran & Partners; local Mada Company for Industrial & Commercial Investment (Al-Rajhi Investment Group) comprising Canada's SNC Lavlin and Kuwait-based United Arab Shipping Company; and Kuwait's PWC Logistics with Gulf Investment Corporation, local Al-Faisaliah Group and Almunajem Group. The 30-year concession was due to be awarded by the third quarter of 2006, although this is now likely to be towards the end of 2006. March 22, 2006
The decision was still pending by the government on the pre-qualification short-list for this project. December 23, 2005
The RFP documents plus an announcement on the pre-qualification list were scheduled to be issued in late November 2005, but have been delayed. Evaluation of pre-qualification applications is still underway. The release of RFP has now been put back until early next year. Client is Saudi Railways Organisation (SRO)
Specialist Consultants are Linklaters (UK), Parsons (Saudi Arabia), Saudi Consulting Services (SaudConsult) - Saudi Arabia
Financial Consultant is National Commercial Bank - NCB (Saudi Arabia)
Source: MEsteel.com
|
