A European-Turkish consortium comprising France’s Systra, SNCF and Alstom, Spain’s Talgo and SENER and Turkish contractors, backed by Germany’s Deutsche Bank, have been awarded the Baghdad Metro project, a statement posted by the Iraqi Prime Minister Media Office said.
The names of the Turkish contractors weren’t disclosed.
The public-private partnership (PPP) project will be developed under a design, build, operate, maintain, finance, and transfer (DBOMFT) model.
Negotiations between the Baghdad Municipality, the National Investment Commission (NIC) and the consortium are slated to begin in the coming weeks to finalise the technical, financial, and operational terms of the contract, the statement said.
The Baghdad Metro project, estimated to cost USD 17.5 bln, comprises seven metro lines covering 150 kilometres and served by 64 stations.
