Riyadh Metro contractor working to ‘mitigate’ project delays

23/06/2016 Argaam Exclusive
by Reem Abdellatif

Greece-based Consolidated Contractors Company (CCC) is looking at ways to hasten Saudi Arabia’s Riyadh Metro project in order to finish the public transport scheme as scheduled, according to Samer S. Khoury, the company’s president of engineering and construction. 


“We are confident to catch up on delays to complete the project on time, although some parts are quite delayed and could slip behind the completion date,” Khoury told Argaam in a phone interview, speaking from Greece. “We are working with the client to mitigate these delays.”

Saudi Arabia has been keen on delivering the project by its 2019 deadline in order to continue developing the country’s public transportation infrastructure and reduce traffic in the country’s capital. The metro is currently 36 percent complete.

CCC is working on the project, which is valued at about $7 billion, in a consortium with United States-based contractor Bechtel and Saudi Almabani.

Write to Reem Abdellatif at reem.a@argaam.com


News

Prices

Aramco IPONew

Sectors

Companies

Financial Data

Financial Ratios

Analysts

IPOs

Economy

Mutual Funds

Projects

Interactive Charts