Sunday, May 14, 2017

Turkey's Yuksel wins $507m Saudi transport project deal

Turkish construction giant Yuksel has won a SR1.9 billion ($506.3 million) contract from Saudi government for its ambitious Bus Rapid Transit (BRT) project, which will pave way for construction of 34 stations,1,353 community bus stops and six pedestrian bridges in capital Riyadh.

The project will also serve as feeder lines for the metro stations being built in the capital and its suburbs to ease traffic congestion, reported Arab News, citing a top company official.

BRT project, promoted and financed by Ar Riyadh Development Authority (ADA), will mark the completion of the city’s transport infrastructure plan," stated Yuksel chairman and chief executive Emin Sazak.

The new lines, along with the new transport information management system included in the overall project, will improve accessibility to public transport, he noted. 

Lauding the Saudi leadership for its vision, Sazak said: "Every element of the BRT project is contributing to a more efficient, more sustainable and greener transport future for Riyadh."

"The project will include the much-needed bus terminals, passenger hubs, parking facilities and maintenance depots," he added.

According to him, well-planned and delivered BRT systems with clean buses can provide metro-quality service at a fraction of the cost. "This will generate an enormous shift from private cars to public transportation in Riyadh," he added.

BRT, he pointed out, was only a starting point for collaboration. "We hope to go beyond the transport sector and continue our collaboration with different entities, including Saudi Aramco, in supporting the sustainable development of the Kingdom within the framework of the Vision 2030," he said in the interview to Arab News.

Yuksel, a market leader in the construction of dams, marine structures, transport systems and industrial projects worldwide, has, so far, completed 39 projects in Saudi Arabia worth SR8.12 billion ($2.16 billion). 

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