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Saudi Arabia Cancelled Results of Tender Won by RZD
Saudi Arabia has cancelled results of the tender won by Russian Railways, RZD, RIA Novosti reported with reference to RZD CEO Vladimir Yakunin. “It isn’t the problem of technology or RZD. It is the problem of international relations,” Yakunin explained.
Together with partners, RZD counted on laying in Saudi Arabia the rails of 2,400km worth roughly $2 billion. The project headlined North-South is the most large-scale in the Middle East. Saudi Arabia needs the rails to develop phosphate and bauxite deposits in the north of the country and reduce oil dependence of economy.
The preliminary tender for the railway construction was held in April of 2006. Eighteen companies bid at it together with RZD.
Yakunin announced in early 2007 that they had attained principal agreements with the authorities of Saudi Arabia. RZD was well-expected to take part in the project.
According to the company’s press release of this year, RZD was to construct the section of 520km from Az-Zabir to the international airport in Riyadh; the contract worth was estimated at $800 million.
www.kommersant.com
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