Dubai signs $569m Metro deal

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Source:  http://www.tradearabia.com

Dubai’s Roads and Transport Authority (RTA) has signed a Dh2.09 billion ($569 million) deal for renewing the contract for the operation and maintenance of Dubai Metro with the British Serco company.

The new deal will expire in September 2019. The contract is renewable for further two years and marks a 23.5 per cent reduction in the worth of the operation and maintenance contract made for the previous five years, said a statement.

Mattar Al Tayer, chairman of the Board and executive director of the RTA, said that Serco was selected in recognition of its good performance record in operating the Dubai Metro over the past four years.

The original contract made with the company in 2008 includes an provision offering the RTA to renew or extend the contract for five additional years, and Serco is experienced in operating and maintaining a number of metro and rail lines in Europe and Australia, he noted.

“Under the contract, the company will provide operation & maintenance services for all assets of the metro system including trains, railways, stations and all associated facilities during the contract period,” said Al Tayer.

“It will also provide high-class passenger transit services compatible with the daily changes and fluctuations in the flow of passengers in the metro network. It also attends to operating the metro revenue system, collecting revenues of selling and recharging of Nol cards at the metro stations, and providing placements for citizens as well as training them with a view to realizing targeted Emiratisation rates over the next five years. More info