A consortium of Saudi Public Transport Co. (SAPTCO) and France-based Regie Autonome des Transports Parisiens (RATP) won a SAR 7.8 billion contract to supply, operate and maintain public bus network in the Saudi capital, Riyadh, the company said in a statement posted on the website of the Saudi bourse, Tadawul.
SAPTCO , whose major shareholder is the finance ministry’s Public Investment Fund (PIF), operates buses across the kingdom.
Apart from SAPTCO, 3 other consortia submitted bids for the contract tendered by the government as part of King Abdulaziz Public Transport Project:
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