Serco wins $184m Saudi Rail deal
A consortium led by Serco Group, the international service company, has signed a contract with the Saudi Railway Company (SAR) to provide management and technical support for operations on the Gulf kingdom’s North South Railway (NSR) project.
The contract, which starts immediately, has a total value to Serco of approximately £120 million ($184.4 million) over five years and is Serco’s first major rail contract in Saudi Arabia.
SAR is a government-owned company set up to develop and operate railway services comprising passenger, general freight and heavy haul.
The North South Railway, at over 2,750 kilometres in length, is one of the largest rail projects currently being developed worldwide. The overall rail network that SAR is responsible for constructing and operating is more than 4,500 kilometres.
Source: Arabian Business.com