By CV Staff http://www.constructionweekonline.com
Mashreq is to be the leading bank of a consortium that is providing finance for the joint venture which was awarded the Red Line North of the Doha Metro.
The Peninsula reports that the announcement was made at a signing ceremony at Oryx Rotana Hotel, with the consortium – which also includes including Barwa Bank, Qatar Islamic Bank and Union National Bank – to provide $580m of financing.
The value of the contract awarded by Qatar Railways Company for the Red Line is $2.32bn.
The joint venture which was awarded the contract consists of Impreglio, S K Engineering and Construction and Galfar Al Misnad Engineering and Contracting. More info