How is the Saudi Landbridge project to be implemented?
Approval has been given for the Saudi Landbridge project to be undertaken on a BOT basis.
Which concession precedent do you expect to follow?
We continue to discuss this with our financial and legal advisors.
What is the nature of revenue risk to be transferred?
We are currently updating the traffic forecasts that support the project and expect to take these types of
decisions once we have the necessary information on traffic flows within the Kingdom.
Will subsidies be available if necessary?
All options for successfully implementing both projects will be fully considered.
Will there be a requirement to provide passenger services?
We expect that a passenger service will be a feature of the final BOT scheme.
Do you have all the necessary land ownership, planning and development approvals?
Necessary approvals should be in place at the right time. The route alignment is currently being finalised. Planning and development approvals should not be a problem given the Supreme Economic Council's decision to proceed with the project.
What revenue forecasts have been completed? Will they be refreshed before the invitation is issued? Will they have been validated?
Several traffic studies have been completed in the past and we are currently updating a passenger and freight forecast, which we will include within the Information Memorandum that will be made available to prospective bidders.
What are your current expectations for freight volumes on the Saudi Landbridge?
Traffic volumes were last assessed in 1999. We are presently in the process of updating these estimates.
How long will the concession be?
Most concessions for infrastructure assets have tenure from 25 to 50 years. No firm decision on this matter has been taken.
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