Saudi Arabia signs deal with Spanish consortium for rail link

Jan 14, 2012 12:00 AM

Saudi Arabia signed a contract worth SR 30.8 bn ($ 8.2 bn) with a Spanish consortium to build a high-speed railway connecting Islam's holiest cities, Makkah and Madinah, with the port city of Jeddah.
Saudi Finance Minister Ibrahim Alassaf and Transportation Minister Jobarah al-Suraisry signed the agreement with Spanish Foreign Minister Jose Manuel Garcia-Margallo and Public Works Minister Ana Pastor.

Al-Shoula consortium, which comprises Spanish companies including ADIF, RENFE and Talgo, won the project last year after a long bidding process in which it competed with a French-led group.
The contract is for the second phase of the project involving track laying, electrification, operations and maintenance.

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