PwC and KPMG remain in hunt for Bahrain Metro Rail contract

      Published on Wednesday, 24 July , 2019      172 Views     
PwC and KPMG remain in hunt for Bahrain Metro Rail contract

  • Bahrain News

Bahrain’s Ministry of Transportation and Telecommunication has shortlisted global professional service firms PwC and KPMG together with local technical services firm Al Zayani Engineering for the Transaction Advisory contract on phase one of the estimated $2 billion Bahrain Metro Rail project following a tender call in February.

Fellow Big Four firms Deloitte and EY have been eliminated from the race along with bids from three other firms.

According to the tender, the winning firm will provide financial, technical and legal advisory on the project’s first of four phases – featuring two lines covering 29 kilometers of elevated track and consisting of 20 stations out of a slated 109 kilometer network across six lines – with support services to the Ministry to include the preparation of documents, tendering, evaluation and appointment of the project’s design, construction and operating bidders.

Initially conceived of in 2008, before being temporarily shelved due to financial concerns, the Bahrain Metro Rail project has since been included in Bahrain’s Public Transport Masterplan 2030, which in turn forms part of the Kingdom’s Economic Vision 2030 agenda.

Following an earlier feasibility study, the identified 109 kilometers of required overall track is expected to cost up to $2 billion and be completed by 2030, with phase one to begin later this year.

For the first phase, designed to carry 43,000 passengers per hour, two lines are to be constructed, with the ‘Red Line’ connecting Bahrain International Airport with the suburban Seef District through the Bahrain Financial Harbour and a second ‘Blue Line’ servicing commuters between the suburb of Juffair through the Diplomatic Area and to Isa Town, with a cross-over at a Central Station and connections to buses and taxi services along the route.

Featuring driverless electric carriages, the project seeks to reduce local traffic congestion and air pollution, as well as provide a reliable and cost-effective world-class public transportation system which can in turn address increased urbanisation and attract greater foreign investment. While Bahrain is said to have a $32 billion infrastructure investment plan currently in place, part of the financing for the rail project is expected to come from private investment.

The upcoming Bahrain Rail Congress 2019, held over the 7th and 8th of August and featuring around 250 government representatives, industry experts, and tech leaders will “explore how to create successful collaborations between public and private sectors and ways to fully leverage the modernisation opportunities” through a series of “presentations, panel discussions, case studies, interviews, demos, innovations and roundtable discussions.”

“We are looking for proper railway infrastructure that is able to match others in the GCC if not better; it is not a matter of competition on the availability of services, but our ability to attract direct investments to the country in the transportation field or other industries that may opt to open in the region,” said Northern Municipal Council chairman Ahmed Al Kooheji. “Hopefully, the congress will speed things up at a time when financing projects is difficult amongst several priorities.”


Category Bahrain News | 2019/07/24 latest update at 7:11 PM
Source : Internet | Photocredit : Google
Comments Add comment

Gulf Media

Related Articles

The editorial staff of Bahrain Today would like to give all of its readers from Gulf and Bahrain and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bahrain Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Bahrain, the Gulf and the world.

HM King opens second session of 5th Legislative Term King

HM King opens second session of 5th Legislative Term

His Majesty King Hamad bin Isa Al Khalifa patronised here today, in the presence of His Royal Highness…

HM King issues decree appointing Electricity Minister King

HM King issues decree appointing Electricity Minister

His Majesty King Hamad bin Isa Al Khalifa issued Royal Decree 84/2019, appointing Wael bin Nasser Al-Mubarak as…

HM King issues Decree 40/2019 King

HM King issues Decree 40/2019

His Majesty King Hamad bin Isa Al Khalifa issued Royal Decree 40/2019 restructuring the Supreme Judiciary Council. The…

HM King thanked by HM Queen Elizabeth II King

HM King thanked by HM Queen Elizabeth II

His Majesty King Hamad bin Isa Al Khalifa received a cable of thanks from Queen Elizabeth II in…


Popular in GULF TV

8 Minute Ab workout 2018 VERSION with Tips


8 Minute Ab workout: To celebrate more than 65 million YouTube views of the first version of the…

Latest videos in GULF TV


Bahrain events



Bahrain Culture, Bahrain, Bahrain News


Science & Technology


Bahrain Government, Bahrain Government News, Bahrain News, Gulf News, News, Bahrain News