27 June, 2019

Three firms in the race for Bahrain metro rail advisory deal

Bahrain’s Ministry of Transportation and Telecommunication had received eight bids for providing transaction advisory services

Image used for illustrative purpose. Dubai Metro is a driverless, fully automated metro rail network in Dubai, United Arab Emirates.

Image used for illustrative purpose. Dubai Metro is a driverless, fully automated metro rail network in Dubai, United Arab Emirates.

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27 June 2019
Bahrain's Ministry of Transportation and Telecommunication has shortlisted three bids out of the eight received for providing transaction advisory services for the Bahrain Metro Rail project, according to a Bahrain Tender Board notice

Al Zayani Engineering, KPMG and PriceWaterCoopers are in the race for the contract while the bids of Deloitte Professional Services, Gulf International Bank, Lazard Freres, Parsons Global Services and Ernst & Young were suspended, the notice said.

In February, Thomson Reuters Projects had reported the transaction advisory services will include but not be limited to providing support to the Ministry to prepare documents, tender, evaluate and appoint the preferred bidder for the design, construction and operation of the first phase of the metro project. The report said the first phase would be elevated and extend for 30 kilometres.

(Writing by Sowmya Sundar; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

© Thomson Reuters Projects News 2019