Austrian firm Porr in Doha Metro deal
Vienna, June 13, 2013
Porr Group, one of Austria’s largest construction companies and a leading player in Europe, said it has secured a major Doha Metro contract as part of a consortium consisting of SBG and HBK.
The complete tender for the “Green Line” project for the Doha Metro is worth around Euro 1.89 billion ($2.51 billion) and Porr will be responsible for 50 per cent of the overall project, representing an order volume of around Euro 945 million ($1.257 billion) for the group, it said in a statement.
The signing of the project deal is planned for mid-June and will mark the largest tender in Porr’s history, it said. This has led the Porr order backlog to reach a historic high of almost EUR 4.5 billion.
This tender follows the enabling works awarded to Porr in August last year, involving preparatory work for the construction of the Doha Metro.
The “Green Line” project will see the construction of a double tunnel tube with a length of 16.6 km and also involves building six metro stations over a five-year construction period.
The complete Doha Metro project consists of the Red Line North, Red Line South, Gold Line, Green Line and flagship stations.
“We have been preparing intensively for this tender for the past two years, including setting up a dedicated subsidiary in Qatar as a hub for the entire region. In a relatively short time we were able to convince the awarding authorities of the high quality of our work and Porr’s reliability, which makes us the best partner for complex infrastructure projects,” said CEO Karl-Heinz Strauss, who believes that this order is a testament to Porr’s exceptional expertise in the infrastructure sector. - TradeArabia News Service
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