SAUDI Railways Organisation announced on June 25 that six of the seven bidding groups had been shortlisted for a BOT concession to build the 444 km Western Railway high speed line linking Makkah, Jeddah and Madinah.
Transport Minister Dr Jobara Al-Suraisry expects that tenders will be invited in the next few months. SRO is being assisted in the bidding process by UBS, National Commercial Bank and SNCF International.
Expected to cost around US$6bn, the line would be used by 3 million pilgrims during the Hadj and 2 million Umrah pilgrims during Ramadan each year.
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