Sun 29-05-2005 22:18 PM
Dubai Municipality signs Dh 12.45 billion Metro contract
Dubai Municipality signs Dh 12.45 billion Metro contract Dubai, 29 May, 05 9WAM) - Dubai Municipality on Sunday signed a contract worth Dh 12.45 billion with Dubai Rapid Link (DURL), a consortium of four companies headed by Mitsubishi Corporation of Japan, to build a high-tech driverless rail transit system across the emirate.
The consortium, whose other members include the Japanese Obayashi and Kajima and the Turkish, Yapi Merkezi, also won a Dhs1.88 billion contract to carry out maintenance of the project for 15 years.
Qassim Sultan, Director General of Dubai Municipality, said after signing the agreement, he was grateful to H.H. Sheikh Maktoum Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Industry and Chairman of Dubai Municipality, and General Sheikh Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Minister of Defence for their continued support to this ambitious project of the emirate.
He noted that the selection of DURL comes after a detailed, three-month long evaluation of both financial and technical offers submitted by the four internationally renowned consortia.
Sultan said the project would be constructed in two phases within a period of 55 months with phase one taking 49 months and phase two 35 months. "We will start phase two 20 months into phase one, finishing both in less than five years," he noted.
Explaining the tendering and evaluation process, Nasser Ahmed Saeed, General Coordinator of the project, said tenders were floated on 1 August 2004 with the last date for accepting the technical and financial offers being 28 February 2005. Since then, the project's technical team has done a thorough analysis of the offers.
"We found all the offers were acceptable from a technical point of view. The difference was that some consortia were better than their counterparts in certain aesthetic aspects. The technical team found that all consortia have the potentials and expertise to undertake the turnkey project. However, there was a substantial difference in terms of the rates quoted by the consortia. So, the selection was made less difficult " he said.
The final rates, quoted by the four consortia, stood at Dhs12.45 billion (DURL), Dhs18.26 billion (Dubai Star), Dhs18.84 billion (Salsabeel) and Dhs19.29 billion (Metro One).
The Dubai Metro will have two lines with the Red Line running from Rashidiya Station to Jebel Ali Station and the Green Line running from the Dubai Airport Free Zone to Dubai Health Care City.
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