Saudi Railways awards $2.4bn worth of contracts
SRO contracts go to Saudi Binladin Group and Saudi Oger
The Saudi Railways Organisation (SRO) has awarded projects worth $2.4billion to construction firms Saudi Binladin Group (SBG) and Saudi Oger.
The deals constitute the second-package contracts of the first phase of the Haramain high-speed rail project, according to SRO.
The AhlulBayt News Agency reports that SBG will design and build passenger stations in Makkah and Madinah as part of the second package of phase one of the Haramain high-speed rail project.
SBG will work in collaboration with Turkish company Yapi Merkezi Group. SRO also awarded a contract to Saudi Oger Limited to build passenger stations in Jeddah and King Abdullah Economic City.
Haramain is a $7billion project financed by the Saudi government’s Public Investment Fund.
The 450km electric railway will connect Madinah, Yanbu, Jeddah and Makkah, and will reduce congestion on the roads between Makkah and Madinah, especially during the Hajj.