Saudi SAPTCO and France’s RATP consortium win SAR 7.8 billion public transport contract

11/02/2014 Argaam

A consortium of Saudi Public Transport Co. (SAPTCO) and France-based Regie Autonome des Transports Parisiens (RATP) won a SAR 7.8 billion contract to supply, operate and maintain public bus network in the Saudi capital, Riyadh, the company said in a statement posted on the website of the Saudi bourse, Tadawul.

 

SAPTCO , whose major shareholder is the finance ministry’s Public Investment Fund (PIF), operates buses across the kingdom.

 

Apart from SAPTCO, 3 other consortia submitted bids for the contract tendered by the government as part of King Abdulaziz Public Transport Project:

 

  • Dallah Haj Transport and US MV Transportation Inc.
  • El Seif Engineering and Contracting CO & Turkish Gersel Turizm Tasimacilki
  • Hafil Public Transport Company and British National Express Group Plc. 

 

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