MTT holds Bahrain Metro Market Consultation event for investors

Maria Rose Posted on: 2021-03-05 07:44:00 Viewer: 2,092 Comments: 0 Country: Bahrain City: 'Isa

MTT holds Bahrain Metro Market Consultation event for investors

Bahrain (Urban Transport News): Ministry of Transport and Telecommunications (MTT) of Bahrain held a virtual market-consultation event showcasing the US$2 billion Bahrain Metro Rail project to regional and international investors on 2nd March 2021 after launching of the global procurement process for the project in last month. 

During the virtual event show titled ‘Bahrain Metro Market Consultation,’ MTT has showcased Phase 1 of the project including technical studies, finance and legal aspects. The event was chaired by the minister of transport and telecommunications, Kamal Ahmed, and attended by senior officials including Shaikh Salman bin Khalifa Al Khalifa, Bahrain’s finance and national economy minister. 

Bahrain Metro's Phase 1 comprises two lines with an approximate length of 28.6 km and 20 stations, including two interchanges. The Red Line will run from Seef to Bahrain International Airport via Manama. The Blue Line will run from the Juffair to Al Farouq Junction via the Diplomatic Area, Manama, and Salmaniya to Isa Town Educational Area.

The entire project is estimated to cost around US$ 2 billion and comprises four metro lines totaling 109 kilometers. The mass rapid transit system (MRTS) is designed to carry 43,000 passengers per hour and is intended to reduce road traffic congestion in the kingdom of Bahrain. Bahrain Metro will be the country’s first rail-based mass rapid transit system. 

The Bahrain Metro Rail project will be carried out through a public-private partnership (PPP) model. MTT had appointed a team comprising Anglo-Dutch multinational professional services firm KPMG as the lead and financial advisor; Egis Rail, France, as a technical advisor; and multinational law firm DLA Piper as legal advisor for the early stages of the project. 

The Bahrain Metro is part of Bahrain’s Economic Vision 2030 strategy, which aims to enhance the country’s economic sustainability, competitiveness and fairness over the next 10 years. 

For more details, please explore the "Bahrain Metro" page of Urban Transport News.

  




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