Giovedì, 20 Settembre 2018
ROME

Ansaldo STS consortium wins Saudi metro contract

English
© ANSA

Rome, July 29 - A consortium led by Italian
rail-maker Ansaldo STS won a $680 million contract to build a
40.7 km metro system line in Riyadh - the Saudi Arabian
capital's longest - Ansaldo STS announced on Monday.
''The contract awarded is one of the most important in our
history, and demonstrates the technological excellence achieved
by the company over the years,'' said Sergio De Luca, chief
executive of Ansaldo STS, in the statement.
''This new contract consolidates our presence in the Middle
East market, and particularly in Saudi Arabia, where we have
already built, in a very short time, the country's first
automated metro system, to serve the world's largest university
campus,'' De Luca added.
The new contract covers the construction of Line 3 - the
Red Line - which will from Madina A Munawara to Amir Saad bin
Abdul Rahman Al Awal Road.
Under the five-year project, Ansaldo STS will serve as
technology provider, while Salini-Impregilo and Larsen & Toubro
are in charge of civil construction. Canadian aerospace and
train-maker Bombardier will supply vehicles.
The contract includes and option to pay additional $249
million for a 10 year maintenance agreement.
The contract was awarded by the governor of Riyadh, Prince
Khalid bin Bandar bin Abdulaziz Al Saud, who is also chair of
the Riyadh Public Transport Project committee.
The project is part of roughly USD six billion in contracts
awarded Ansaldo STS-led consortiums, including two large rail
stations, the ''Qasr Al Hokom'' and ''Western Station'', which
are currently under the final design phase.
Ansaldo STS is listed on the Milan bourse and 40% owned by
the Italian transport and defence conglomerate Finmeccanica.
Finmeccanica's shareholder of reference, with a 30.2%
stake, is the Italian state.

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