L&T wins $740mn Doha Metro deal
By Yamurai Zendera
The heavy Civil Infrastructure Business of Larsen & Toubro Construction has won a $740mn order from Qatar Railways Company for the design and construction of the Gold Line of the Doha Metro project in Qatar.
L&T secured the order along with its joint venture partners Aktor - Greece, Yapi Merkezi Insaat - Turkey, STFA Group - Turkey and Al Jaber Engineering - Qatar in which the toal value for the consortium is $4.4bn.
The project is scheduled to be completed in 54 months. The contract includes the design and construction of twin tunnels for an approximate length of 11km and nine underground metro stations including architectural finishes and mechanical, electrical and plumbing works. The project is among the key infrastructure projects of national interest as per the Qatar National Vision 2030.
“This order, close on the heels of Riyadh Metro order, has been won in the face of stiff global competition and reflects the growing confidence of clients in L&T’s capability to handle mega projects in the Middle East,” said S. N. Subrahmanyan, member of the Board and senior executive Vice President (Infrastructure and Construction) L&T.
“We are very seriously pursuing our programme of internationalization and such orders go a long way in opening the doors to new geographies and opportunities.”
A few days earlier, JV partner Ellaktor revealed it signed a 3.2bn euro ($4.4bn) contract to build a subway line in Qatar as part of the Doha Metro project.