Tender floated to privatize two Saudi railway projects: report
Saudi Arabia has issued transaction advisory services tender for two railway projects, Thomson Reuters Projects reported on Tuesday, citing Public Transport Authority president Rumaih Al-Rumaih.
“Last week, we floated a tender to connect Yanbu, Industrial City and King Abdullah Port in the Red Sea, connect the existing Dammam-Riyadh Line with the Northern Line plus building a new Dry Port and Logistics Zone,” he said at a conference in Dubai.
The authority is planning to use the Public-Private Partnership (PPP) route for both projects.
Separately, the 1,150-kilometre land bridge railway project linking Riyadh and Jeddah will be developed “in the near future”, Al-Rumaih added.
On the ongoing Riyadh Metro project, he said that 77 percent of the 176-kilometre network has been completed.