L&T wins $161m deal for Saudi's Riyadh Metro

emilymainzer · #1 4th September 2015, 06:44

Indian engineering and construction firm Larsen & Toubro's (L&T) railway business has secured an Rs10.7bn ($161m) contract from the BACS consortium to design and build tracks for the Riyadh Metro project in Saudi Arabia.Scheduled to be completed in 40 months, the project involves the construction of 62.86km double ballastless tracks in tunnels, viaducts, at-grade sections and three depots.

Sentinel · #2 4th September 2015, 09:50

That's a good contract for them. $161 million - bet the share price has shot up.

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