Saturday, January 28, 2012

Haramain Railway deals are transparent: Minister

RIYADH: Transport Minster Jabara Al-Seraisry said Saturday the SR30.8 billion contract for Phase II of the Haramain High Speed Rail Project (HHSRP) linking the two holy cities of Makkah and Madinah was awarded with total transparency and fairness.
“Formalities in (the award of contracts) for the HHSRP were completed strictly adhering to internationally followed principles of transparency and fairness and with the aim of achieving the highest standards in the world,” Al-Seraisry, who is also chairman of the Saudi Railway Organization (SRO), said in a statement to the Saudi Press Agency.
In order to guarantee the best bid in terms of finance, technology and standards, the ministry invited global bids from companies specializing in high-speed railways, Al-Seraisry said. Continued

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