Upgrade of the existing rail link between Riyadh and Dammam, including connection to the new Riyadh-Jeddah and Dammam-Jubail lines. Integration of the new lines with Jeddah Islamic Port, King Abdul Aziz Port, Dammam and Riyadh Dry Port
The KSA will grant concessions
to the private sector for
the construction and operation
of the Saudi Landbridge via
a Build Operate Transfer
("BOT") contract. This will
be one of the largest BOT
schemes ever undertaken in
the region.
A consortium comprising UBS
Investment Bank, The National
Commercial Bank and SNCF
International has been selected
by Saudi Railways Organization
("SRO") to provide Financial
and Technical Advisory Services
for the Saudi Landbridge.
Pre-qualification of consortia for the project, which has the full support of the KSA, is expected to commence in the first half of 2005.
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