Europe > Western Europe > France > Alstom-led consortium awarded $2.88 billion Dubai metro extension

France: Alstom-led consortium awarded $2.88 billion Dubai metro extension

2016/08/31

Dubai's transport authority announced Wednesday it had awarded a French-led consortium a $2.88 billion arrangement to extend its metro network to the site of the Expo 2020 world trade equitable.

The consortium, led by France's Alstom Conglomerate and as well inclunding Spain's Acciona and Turkey's Gulermak, will construct a 15 kilometre (nine mile) extension to the site of the equitable, a statement said.

Alstom will supply 50 trains, 15 of them for the new extension and 35 to upgrade existing services, the statement said.

Ten international consortiums bid for the project, it added.

The consortium, dubbed Expolink, will begin work on the project in the final quarter of 2016, Road and Transport Authority chairman Mattar al-Tayer told a press briefing.

Services should begin on May 20, 2020, five months ahead of the trade equitable, he said.

Alstom had led a consortium that built Dubai's 10-kilometre (six mile) tramway, which cost just over one billion dollars and opened in 2014.

The Dubai Metro, which transformed transportation in the Gulf city national at the same time as it opened in September 2009, was built by a consortium led by Japan's Mitsubishi.

Mitsubishi was competing with the Alstom-led consortium for the new extension, sources familiar with the tenders said.

Alstom chief Henri Poupart-Lafarge said the consortium is "proud to have been chosen," describing the arrangement as a "new major award for Alstom in the UAE".

"We will bring the majority innovative and cutting-edge technologies to Route 2020 project and continue to be reliable partners of RTA," he told reporters.

The metro was projected to cost $4.4 billion at the same time as work began in 2004, but that had surged to $7.6 billion by the time it was completed.

The Dubai Metro has two lines, a 52 kilometre (32 mile) Red Line and a 23 kilometre (14 mile) Green Line.

The city national has a people of 2.5 million people, most of them expatriates, and received additional than 14 million tourists last year.

Its target is to receive 20 million visitors a year by 2020.

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