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The Private-Public Partnership (PPP) includes the construction of 27km of new track, 53 new stations and various depots covering a 6.8km extension to the Red Line, and the new 20.6km Green Line. The Red Line is currently 13.8km long with 23 stations, and carries around 145,000 passengers daily.
The consortium will also design and supply 114 new Urbos LRVs for the Green Line, and the refurbishment of the 46 vehicles currently in service on the Red Line.
The contract includes the signalling, energy and communication systems, as well as the operation and maintenance of both lines for 15 and 25 years respectively, with the possibility of extending the term of operation.
CAF’s share of the contract is worth more than €500m, and includes the vehicle’s supply and refurbishment, signalling, energy and communication systems and project integration. CAF will also have a 50% stake in the Special Purpose Vehicle (SPV) company that will manage the operation and maintenance of both lines, which is expected to have a €1bn turnover.
Construction is expected begin later this year with the new extensions fully operational by 2025.
Shikun & Binui and Egged (Israel), CRRC (China), Comsa (Spain), Efatec (Portugal) and MPK (Poland) also submitted bids for the contract.
This article first appeared on www.railjournal.com
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