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Siemens Wins 1.5 Billion-Euro Contract for Riyadh Subway

Oct. 10 (Bloomberg) -- Siemens AG, Europe’s largest engineering company, won a 1.5 billion-euro ($2 billion) contract to provide two driverless subway-train lines in the Saudi Arabian capital, Riyadh.

The order from Saudi Arabia’s High Commission for Urban Development includes electrification systems and signaling technology, the Munich-based company said today in a statement.

The German company was shortlisted more than 14 months ago as part of a partnership to develop the Riyadh subway network. Siemens said today that the total project value is 7.5 billion euros, shared with San Francisco-based Bechtel Group Inc. and local construction companies Almabani General Contractors Co. and Consolidated Contractors Co. Riyadh, with a population of 5 million, currently relies on diesel buses for public transport, Siemens said.

“With six lines and a total route length of 175 kilometers, Riyadh is planning the world’s largest subway project,” Siemens said.

The manufacturer withdrew from bidding to supply 1 billion pounds ($1.5 billion) of trains to London’s Crossrail commuter-network project in July. Siemens said it was pulling out of the contest because a high level of existing commitments meant a bid “would not be a responsible course of action.”

The Riyadh trains will be fitted with cooling systems to protect passengers from extreme heat, Siemens said. Wheels, traction drives, brakes and doors will be fitted with special sales and filters to protect the trains from desert sand.

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Simon Thiel at sthiel1@bloomberg.net

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