Business & Economy

L&T Construction wins Rs 8250 crore contract in Riyadh Metro project

NetIndian News Network

Mumbai, July 29, 2013

Infrastructure major Larsen & Toubro (L&T) today said its construction division had secured an order worth $ 1403 million (approximately Rs 8250 crore) from the ArRiyadh Development Authority in Saudi Arabia for the design, construction and commissioning of a metro project in Riyadh, the capital of the Gulf kingdom.
The order was won by the Heavy Civil Infrastructure Business of L&T Construction and is a major breakthrough for it in the international market, a press release from the company said.
The release said the letter of award was issued to the consortium by Prince Khalid bin Bandar bin Abdulaziz Al Saud, Chairman of the ministerial committee for the Riyadh Public Transport Project and Chairman of the High Commission for the development of ArRiyadh at a ceremony in Riyadh yesterday.
It said L&T secured the order as a joint venture partner of ArRiyadh New Mobility Consortium. The total value of order is $ 5941.93 million (approximately Rs 35,000 crore).
The consortium comprises Larsen & Toubro Limited, Ansaldo STS, Italy, Bombardier Transportation Ltd, UK, Impregilo S.p.A, Italy, Nesma & Partners- Saudi Arabia.
The project is to be implemented during a period of four years, which will be preceded by eight months to prepare the detailed designs and to carry out the enabling works, the coordination for utilities diversion and the site preparation works, and followed by four months for system demonstration, trial runs and project handing over.
The scope involves design, construction and commissioning of Line 3 (41 km of Driverless Train Operation) to carry approximately 5000 passengers per hour per direction. The contract includes construction of bridges, tunnels, elevated & underground stations, depots, roads, systems for CCTV and public announcements, SCADA with allied systems, and so on.
The project would be the first of its kind in the kingdom. The rail systems will be undertaken by Ansaldo STS and rolling stock by Bombardier Transportation Ltd.
The entire infrastructure facilities together with electromechanical and plumbing systems will be executed by the integrated joint venture comprising L&T, Impregilo and Nesma.
The consortium’s design & engineering will be by Hyder & Idom and the Project Management will be done by Worley Parsons.
"This order was won against stiff global competition. It aligns well with L&T’s expansion plans in the international arena," the release added.
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