Al Zayani Engineering, KPMG and PriceWaterCoopers in the race for the Bahrain Metro project
Bahrain's Ministry of Transportation and Telecommunication has shortlisted three bids to provide transaction advisory services for the Bahrain Metro Rail project.
According to Arabian Business, a total of eight bids were received but bids by Al Zayani Engineering, KPMG and PriceWaterCoopers are still in the race for the phase one contract.
Part of the kingdom's Public Transport Masterplan 2030, Bahrain Metro is estimated to cost up to $2 billion, according to local media reports.
The project will feature a 184km network made up of six lines and is being implemented in four phases. In the first phase, two lines running 30km will be built covering 20 stations.
The ministry floated consultancy tenders in February following the completion of a feasibility study for the project.
According to the ministry, the winning firm will be required to provide financial, technical and legal consultancy services to prepare documents for the tender of the design, construction and operation of phase one of the metro project.