Dubai’s RTA officially signs $2.9bn deal for metro extension

Dubai's transport authority said on Monday that it has officially signed the contract to build the Route 2020 metro expansion project to Expolink, a consortium of French, Spanish and Turkish companies.

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Dubai’s transport authority said on Monday that it has officially signed the contract to build the Route 2020 metro expansion project to Expolink, a consortium of French, Spanish and Turkish companies.

The Roads and Transport Authority (RTA) said the project, which carries a cost of AED10.6 billion ($2.9 billion), covers the extension of the Red Line of Dubai Metro 15km from Nakheel Harbour & Tower Station to the site of Expo 2020, as well as the supply of 50 trains.

The contract was signed on behalf of the RTA by Mattar AlTayer, director-general and chairman and on behalf of Expolink Consortium by Henri Poupart-Lafarge, chairman and CEO of Alstom, Jose Manuel Entrecanales, chairman and CEO of ACCIONA and Kemal Guleryuz, chairman and CEO of Gulermack.

Al Tayer said in a statement that he was delighted with the signing of the contract which will emcompass seven stations. More info

Source:  www.arabianbusiness.com

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