Fluor signs Abu Dhabi contract.
Dubai US-based Fortune 200 firm Fluor Corporation yesterday said it has signed a contract with Abu Dhabi Department of Transport (DoT) to provide programme management consultancy (PMC) services for the emirate's overall Integrated Public Transportation Network (IPTN).
The project is part of DoT's plan to invest $82 billion in the transport network of Abu Dhabi, which includes the construction of roads and a light rail.
Fluor was awarded the DoT contract after a competitive procurement process that included a number of international competitors with significant transportation and management consultancy experience, the company said in a statement. The DoT used a panel of experts to evaluate the proposals.
"The signing took place before the end of June and we have taken proceeds on to the balance sheet for the second quarter," Fluor spokesperson Keith Stephens told Gulf News in a phone interview.
He refused to disclose the value of this contract, but said: "In terms of the overall plan, our contract is relatively small."
The company is no stranger to UAE projects. In February, Fluor said it had been awarded the PMC contract worth $7 billion for the 131 kilometre Abu Dhabi Metro, which is a part of the IPTN.
"We are proud to secure this strategic award in competition with such an extensive field of world-class transportation consultants," said Patrick Flaherty, head of Fluor's Infrastructure business line, said in a statement.
"We commend the Abu Dhabi DoT on the transparency and quality of its procurement process."
The sweeping mass-transit system is being created in response to Abu Dhabi's anticipated growth over the coming decades and in support of the vision articulated in Plan Abu Dhabi 2030. The network will be integrated with the surrounding residential and commercial developments.
Fluor will provide consulting services to the DoT on all aspects of the programme, including transportation modelling, system integration, design, procurement, construction, commercial development, funding analysis and other relevant components, Stephens said.
It will also help DoT implement an organisational development programme and build a new public transport market.
Al Nisr Publishing LLC 2009. All rights reserved.
Provided by Syndigate.info an Albawaba.com company
|Printer friendly Cite/link Email Feedback|
|Publication:||Gulf News (United Arab Emirates)|
|Date:||Aug 24, 2010|
|Previous Article:||Ramadan football events gather steam.|
|Next Article:||Sama needs big capital infusion.|