Sunday, Jul 31, 2011
DUBAI (Zawya Dow Jones)--Qatar Railways Co., or QRail, said Saturday it was inviting expressions of interest from local and international companies seeking to bid for design and construction contracts on the Gulf Arab state's $25 billion Doha Metro project.
Qatar won the right to host the FIFA 2020 soccer World Cup late last year and much depends on the wealthy gas-rich country completing around $100 billion of infrastructure projects in time for the tournament--of which the 85 kilometer Doha Metro is key.
QRail said it was inviting experienced companies to submit expressions of interest in bidding for design and construction works on the railway project, including major underground and elevated civil works, as well as enabling works including roads and utilities diversion.
"This invitation is a major opportunity for local contracting companies to join in consortia with large international contractors to design and build six urgent construction packages," QRail Chief Executive Officer Saad Ahmed Al Muhannadi said in the statement.
The packages cover 22 kilometers of underground tunnels as well as 15 underground stations in the first stage, according to the statement.
QRail will oversee the management, operation and maintenance of all local railways and lead coordination efforts with regional and international rail networks, it said.
Qatar shocked the world when it won the hosting rights for 2022 World Cup in December, beating off competition from Japan, Australia, Korea and the U.S. Some analysts have estimated the price tag for the World Cup to be around $100 billion, although much of Qatar's infrastructure, including the $25 billion metro system and a larger national rail network, was planned before the country was selected to host soccer's marquee event.
In November 2009, Germany's Deutsche Bahn AG inked a $25 billion deal to design and build underground and rail lines in Qatar and neighboring Bahrain.
Qatar, the world's top exporter of liquefied natural gas, experiences gross domestic product, or GDP, growth of between 16% to 19% at present, and is expected to continue that trend in 2012, a top central bank executive said last month.
-By Dubai Bureau, Dow Jones Newswires; +9714 446-1686; djnews.dubai@dowjones.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
31-07-11 0339GMT
DUBAI (Zawya Dow Jones)--Qatar Railways Co., or QRail, said Saturday it was inviting expressions of interest from local and international companies seeking to bid for design and construction contracts on the Gulf Arab state's $25 billion Doha Metro project.
Qatar won the right to host the FIFA 2020 soccer World Cup late last year and much depends on the wealthy gas-rich country completing around $100 billion of infrastructure projects in time for the tournament--of which the 85 kilometer Doha Metro is key.
QRail said it was inviting experienced companies to submit expressions of interest in bidding for design and construction works on the railway project, including major underground and elevated civil works, as well as enabling works including roads and utilities diversion.
"This invitation is a major opportunity for local contracting companies to join in consortia with large international contractors to design and build six urgent construction packages," QRail Chief Executive Officer Saad Ahmed Al Muhannadi said in the statement.
The packages cover 22 kilometers of underground tunnels as well as 15 underground stations in the first stage, according to the statement.
QRail will oversee the management, operation and maintenance of all local railways and lead coordination efforts with regional and international rail networks, it said.
Qatar shocked the world when it won the hosting rights for 2022 World Cup in December, beating off competition from Japan, Australia, Korea and the U.S. Some analysts have estimated the price tag for the World Cup to be around $100 billion, although much of Qatar's infrastructure, including the $25 billion metro system and a larger national rail network, was planned before the country was selected to host soccer's marquee event.
In November 2009, Germany's Deutsche Bahn AG inked a $25 billion deal to design and build underground and rail lines in Qatar and neighboring Bahrain.
Qatar, the world's top exporter of liquefied natural gas, experiences gross domestic product, or GDP, growth of between 16% to 19% at present, and is expected to continue that trend in 2012, a top central bank executive said last month.
-By Dubai Bureau, Dow Jones Newswires; +9714 446-1686; djnews.dubai@dowjones.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
31-07-11 0339GMT
