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Spanish-led JV lands €7bn Saudi rail deal

28 Oct 11 A consortium led by Spanish rail operators Renfe Operadora and Adif has won a contract worth almost €7bn for the new 450km high-speed railway between Meca and Medina in Saudi Arabia.

The Al Shoula Group consortium includes 12 Spanish companies and two from Saudi. They will build and operate the line for 12 years under the €6.736bn (£5.9bn) contract.

The contract for the second phase of the Haramain high-speed rail project involves design and construction of the railway tracks, installation of signalling and telecommunication systems, electrification, the operational control centre, provision of 35 trains designed for speeds of more than 300km/h as well as operation and maintenance for 12 years.

The consortium includes three Spanish public-sector businesses - Adif, Renfe and Ineco - as well as Indra, OHL, Consultrans, Copasa, Imathia, Cobra, Dimetronic, Inabensa and  Talgo. The Saudi companies are Al Shoula and Al Rosan.

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