Construction & Real Estate

L&T unit wins near $1.1bn Riyadh Metro extension contract

RIYADH
L&T unit wins near $1.1bn Riyadh Metro extension contract

Leading Indian construction and engineering conglomerate Larsen & Toubro (L&T) has announced that its Heavy Civil Infrastructure business vertical has won a major contract from the Royal Commission of Riyadh City in Saudi Arabia for works pertaining to the extension of the Riyadh Metro. 

The order - which is in the range of Rs50 to 100 billion ($544 million to $1.1 billion) - is a part of an ultra-mega project won by a consortium of Italian builder Webuild which has along with L&T key partners such as Saudi group Nesma & Partners Contracting, French rail giant Alstom and Spanish architectural services group IDOM.

The order pertains to the extension of the Red Line of Riyadh Metro Network, said a statement from L&T. 

The scope of work includes design and turnkey construction of 8.4 km long metro line, comprising both elevated and underground sections and five stations, it added.-TradeArabia News Service

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