Bahrain to launch tender for construction of metro project by Q1 2023
Bahrain’s Ministry of Transportation and Telecommunication (MTT) has said that the winning developer/consortium will implement the project on a DBFOMT basis
Bahrain will launch the tender for the construction of its metro project in the first quarter of 2023, a senior government official has said.
The pre-qualification tender for the transportation project was issued and closed in May this year. A total of 11 global infrastructure majors including France’s Alstom, Korea’s Hyundai Engineering and Indian construction conglomerate Larsen and Toubro (L&T), in addition to Chinese heavyweights Harbour Engineering and China Railway Group and Egyptian builder Orascom – had been prequalified for Phase One of the project, the ministry announced.
Other companies on the list include Plenary Asia (Singapore); Virtue Global Holding (UK) and CRRC (Hong Kong) Company. Two Bahrani utility groups – Aradous Energy Generation Company and Taqi Mohammed Albaharana Trading Establishment are also in contention.
In March 2021, Bahrain shared the initial details for the metro project and, in November 2021, it unveiled $30bn in strategic projects to boost its economic recovery.
Bahrain’s Ministry of Transportation and Telecommunication (MTT) has said that the winning developer/consortium will implement the project on a DBFOMT (Design, Build, Finance, Operate, Maintain, Transfer) basis, with a contract period of 35 years.
Bahrain Metro’s Phase One is being implemented in four phases, it comprises of two lines running for 29 kilometres and includes 20 stations.
The project is estimated to cost US $2bn and will provide residents and citizens with a fast, comfortable, reliable, sustainable and modern transportation system within the Kingdom. This will also help improve the standard of living, the ministry said.
In September 2022, Diyar Al Muharraq said it had completed secondary infrastructure works at Mozoon.
A team of top financial, technical, and legal advisors have been brought in for the project. This team will be led by KPMG as the lead transaction advisor, Egis as the technical advisor and DLA Piper as the legal advisor for procurement of this project on a PPP basis, it concluded.
