Doha Metro gold line consortium secures $1bn funding
The consortium responsible for delivering the $4.2 billion gold line of Doha's Metro has secured funding from a triumverate of banks worth over $1 billion.
Led by Greece's Ellaktor alongside Larsen & Toubro of India, Qatar's Al Jaber Engineering and Turkish firms Yapi Merkezi Insaat and STFA, the consortium was appointed to build the biggest and most complex of the lines being constructed during phase one of the Doha Metro in April.
The funding is being provided by Qatar's Barwa Bank, with First Gulf Bank and Qatar International Islamic Bank is also serving as lead arrangers for the financing.
The project runs from the south east of Doha from Airport City North and continues westwards to Villagio.
The Doha Metro is expected to be up and running in 2019.