L&T wins $161m deal for Saudi's Riyadh Metro lines
The 40-month contract was awarded to Larsen & Toubro by the BACS consortium, comprising Bechtel, Al Mabani, CCC, and Siemens, to work on Riyadh Metro's Line 1 and Line 2
Indian infrastructure firm Larsen & Toubro announced on Tuesday, 01 September, 2015, that the railway business unit of its construction division has been awarded a contract in Saudi Arabia.
The firm has been awarded a $161.3m deal to work in the Kingdom.
The order has been awarded by the BACS consortium, which comprises Bechtel, Al Mabani, CCC, and Siemens.
Scope of work under the contract includes the construction of ballastless tracks for Riyadh Metro Line 1 and Line 2.
The contract is a design and build deal.
"This order has been won against stiff international competition, and is in sync with Larsen & Toubro’s strategy to expand its railway business into the Middle-East," a statement from the company said, as per Indian daily Economic Times.
The project involves the construction of 62.86km of double ballastless tracks in tunnels, viaducts, at-grade sections and three depots, and is scheduled for completion in 40 months.