Tender floated to privatize two Saudi railway projects: report

26/02/2019 Argaam

 

Saudi Arabia has issued transaction advisory services tender for two railway projects, Thomson Reuters Projects reported on Tuesday, citing Public Transport Authority president Rumaih Al-Rumaih.

 

“Last week, we floated a tender to connect Yanbu, Industrial City and King Abdullah Port in the Red Sea, connect the existing Dammam-Riyadh Line with the Northern Line plus building a new Dry Port and Logistics Zone,” he said at a conference in Dubai.

 

The authority is planning to use the Public-Private Partnership (PPP) route for both projects.

 

Separately, the 1,150-kilometre land bridge railway project linking Riyadh and Jeddah will be developed “in the near future”, Al-Rumaih added.

 

On the ongoing Riyadh Metro project, he said that 77 percent of the 176-kilometre network has been completed.

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