Saudi Arabia Awards $22.5B In Contracts For Rail Project

Law360, New York (July 29, 2013, 1:16 PM EDT) -- Saudi Arabia has awarded nearly $22.5 billion for the construction of a six-line rail network in its capital, Riyadh, to a trio of construction consortiums, marking the biggest public infrastructure project in its history, it announced Monday.

The contracts will cover the construction of a six-line, 85-station metro subway rail system, encompassing 176.5 kilometers (109 miles) of track, as part of a wider public transport project known as the Riyadh Public Transport Project, the announcement said. The rail system will be the largest public transport project...
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