The Saudi Public Investment Fund (PIF) has awarded Al Ayuni Investment and Contracting Group a contract worth nearly USD 185 million for the construction of the 132 km “mineral” railway line in the Northern East region.
The new line awarded has a total length of about 132 km and will be implemented over 24 months.
This comes after the Saudi railway company (SAR) procedures for technical and financial evaluation of the competing bids, targeting the completion and operation during the second half of the year 2016.
http://menarailpost.com
Photo: http://www.alarabiya.net
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