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Bahrain’s Ministry of Transportation and Telecommunication has shortlisted three firms to provide transaction advisory services for the phase I of Bahrain Metro Rail project.
According to a Bahrain Tender Board notice, a sum of eight bids were received. however, bids by Al Zayani Engineering, KPMG and PriceWaterCoopers are still in the run for the phase one of Bahrain metro rail project.
The metro is anticipated to cost up to $2 billion, according to local media reports. In addition, the initiative is a a part of the kingdom’s Public Transport Masterplan 2030.
The project will include a 184km network made up of six lines and is being executed in four phases. In the first phase, two lines running 30km will be constructed covering 20 stations.
The ministry floated consultancy tenders in February following the fulfilment of a feasibility study for the project.
According to the ministry, the selected firm will be required to provide financial, technical and legal consultancy services. It will be used to ready documents for the tender of the design, construction and operation of phase one of the metro project.
Bahrain Metro project
Bahrain is keen to keep up with its bigger neighbours. Both in terms of their conformance to the Economic Vision 2030 goals as well as public transportation ideas. The government of Bahrain had proposed an international bid for its new metro railway project in the Kingdom, called as the Bahrain Metro. Moreover, the proposal for the Bahrain Metro was initially introduced in 2009 but was halted due to financial reasons. Since then, the plan has been included in Bahrain’s Public Transport Master Plan 2030. A plan curated to develop current public transportation system, infrastructure and manage the land transport sector.
The post Bahrain shortlists consultants for phase I of Bahrain metro rail project appeared first on Urban Transport News.
This article first appeared on urbantransportnews.com
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