Saudi-French alliance wins USD2bn bus deal for Riyadh metro

02/05/2014 06:25 AST

Saudi Public Transport Co ( Saptco ) said on Thursday that its alliance with France's RATP Dev has jointly secured a 7.855 billion Saudi riyal ($2.09 billion) contract to operate and maintain buses in the kingdom's capital Riyadh.

The 10-year deal will be linked to the city's railway project - known as the King Abdulaziz Project for Public Transport - and will handle the procurement, operation and maintenance of the buses, Saptco said in a statement.

Saptco had previously said that it has teamed up with France's Regie Autonome des Transports Parisiens (RATP) to bid for public transport projects in Saudi.

The Saudi government had awarded $22.5 billion in contracts to three foreign-led consortia in July last year for the design and construction of the first metro rail system in Riyadh. (Reporting by Reem Shamseddine and Marwa Rashad; Writing by Praveen Menon; Editing by David Goodman)


Reuters

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