Saudi Arabia's Arkad Engineering said its consortium with Italy-based Arkad ABB, a joint venture between Swiss-based technology major ABB has won a €1.1-billion ($1.23 billion) tender to build a pipeline that will carry Russian natural gas across Bulgaria.

The tender was awarded by Bulgarian network operator Bulgartransgaz to the Saudi-led consortium as they had offered the lowest bid.

The scope of work includes the supply of necessary materials and equipment, investment design – detailed design phase, construction and commissioning of project, said the Bulgarian company in its statement.

According to Bulgartransgaz, it has completed the public procurement for the selection of a contractor in an open procedure under the Public Procurement Act (PPA) entitled “Procurement of the : Expansion of the gas transmission infrastructure of Bulgartransgaz EAD in parallel with the north (main) gas pipeline to the Bulgarian-Serbian border.

The proposal of the Saudi-led consortium Arkad includes the lowest prices both of all activities from the subject matter of the procurement at a maximum allowable implementation deadline of activities of 250 days, and in case of implementation of all activities from the subject-matter of the procurement at a maximum allowable implementation deadline of activities of 615 days, it added.-TradeArabia News Service