Bahrain has started pre-qualification process for companies bidding to develop first phase of Bahrain Metro Project, according to a statement by the Ministry of Transportation on Tuesday.
The first phase of the metro project will comprise an elevated corridor with two tracks.
For the latest headlines, follow our Google News channel online or via the app.
The Bahrain Metro Phase One Project will contain two lines with a total length of 29 kilometers and 20 stations and two interchanges, connecting Muharraq, Manama, Diplomatic Area, Juffair, Seef District, Tubli, Adhari and Isa Town.
The new urban transit system will support a fully automated, driverless GoA4 system operation and will include the latest technology.
Manama has sanctioned the commencement of first phase of the Metro project estimated at $2 billion.
A market consultation event had held earlier in March this year, and the government will now proceed to the tender stage.
This two-stage international and ‘competitively bid’ public tender process will include a request for qualification (RFQ) followed by a request for proposal.
The RFQ process is anticipated to begin in December.
According to Bahrain News Agency (BNA), local and international companies with relevant expertise in the field of public transportation can participate in the tender.
This project is being managed by the country’s Ministry of Transportation and Telecommunications.
Economic Recovery Plan
Bahrain had launched an Economic Recovery Plan and the Metro project is one of the most important strategic projects in the Kingdom that aim to support economic growth by attracting additional foreign direct investment and large multinational companies, thereby enhancing Bahrain’s competitiveness.
“The Bahrain Metro project is one of the most important land transport projects providing a new sustainable mode of transportation in the Kingdom, aiming to achieve Bahrain's Economic Vision 2030. The project is part of the Strategic Projects Plan and comes as part of the government's priority projects that are worth more than $30 billion. The plan to develop an integrated public transport network will contribute to raising the efficiency of transport services in the Kingdom,” Transportation and Telecommunication Minister Kamal bin Ahmed Mohammed said.
“The Bahrain Metro Phase One Project will be implemented in line with the latest international standards in the industry, and will be fully automated,” the Minister said.
The first phase of the project will be carried out with the private sector as an integrated PPP, and the pre-qualification tender stage is the first step to identify suitably experienced and qualified individual company or a consortium of companies with relevant expertise to design, build, finance, operate, maintain and transfer the project (DBFOMT mode),” he added.
Bahrain outlook improves on fiscal reforms, S&P saysS&P Global Ratings has revised Bahrain’s outlook to ‘stable’ from ‘negative’ on the back of new fiscal reforms aimed at improving non-oil revenues and ... Economy
Bahrain central bank governor expects real GDP to grow 3.1 pct in 2021Bahrain’s central bank governor, Rasheed Mohammed al-Maraj, said in an interview published on Sunday he expects real gross domestic product to grow ... Economy
Bahrain’s oil and gas authority NOGA to transition to ‘energy company,’ says officialBahrain’s National Oil and Gas Authority (NOGA) will transition into an energy company that will look at energy resources outside of fossil fuels, an ... Energy
Bahrain gets $2 billion with second bond sale of the yearBahrain locked in $2 billion with its second international bond sale of the year on Wednesday as the heavily indebted Gulf country moves quickly to ... Economy
Bahrain expected to get additional financing from Gulf allies: Moody’sRatings agency Moody’s said on Tuesday it expects Bahrain to receive additional financing from its Gulf allies.The heavily indebted Gulf state was ... Economy
COP26: UAE, Bahrain, Oman pledge to develop climate-smart health care systemsThree GCC countries – the United Arab Emirates, Bahrain and Oman – are among a group of 47 countries that have committed to develop climate-resilient ... Gulf
Bahrain’s Crown Prince visits Saudi Arabia’s pavilion at COP26Bahrain’s Crown Prince Salman bin Hamad Al Khalifa visited Saudi Arabia’s pavilion at the 26th UN Climate Change Conference of the Parties (COP26) in ... Gulf
Bahrain details fiscal balance plan as zero-deficit target delayed to 2024Bahrain on Sunday gave details of a new economic growth and fiscal balance plan that pushes a zero-deficit target back by two years to 2024 from 2022 ... Economy
Bahrain’s Investcorp to launch $500 mln pre-IPO fund, to list 5th Saudi company: FIIBahrain-based Investcorp plans to launch a $500 million Saudi Arabian fund to invest in private companies that will be eventually listed on the Saudi ... Gulf
Bahrain aims to reach net zero carbon emissions in 2060Bahrain’s Cabinet said the Gulf country aims to reach net zero carbon emissions in 2060, to help tackle climate change and protect the environment, ... Gulf