OIL AND GAS NEWS
Saudi-led consortium wins $1.2bn Bulgaria pipeline tender
Apr 4, 2019 12:38 PM
Saudi Arabia s Arkad Engineering said its consortium with Italy-based Arkad ABB a joint venture between Swiss-based technology major ABB has won a 1.1-billion ( 1.23 billion) tender to build a pipeline...
Saudi Arabia's Arkad Engineering said its consortium with Italy-based Arkad ABB, a joint venture between Swiss-based technology major ABB has won a €1.1-billion ($1.23 billion) tender to build a pipeline that will carry Russian natural gas across Bulgaria.
The tender was awarded by Bulgarian network operator Bulgartransgaz to the Saudi-led consortium as they had offered the lowest bid.
The scope of work includes the supply of necessary materials and equipment, investment design – detailed design phase, construction and commissioning of project, said the Bulgarian company in its statement.
According to Bulgartransgaz, it has completed the public procurement for the selection of a contractor in an open procedure under the Public Procurement Act (PPA) entitled “Procurement of the : Expansion of the gas transmission infrastructure of Bulgartransgaz EAD in parallel with the north (main) gas pipeline to the Bulgarian-Serbian border.
The proposal of the Saudi-led consortium Arkad includes the lowest prices both of all activities from the subject matter of the procurement at a maximum allowable implementation deadline of activities of 250 days, and in case of implementation of all activities from the subject-matter of the procurement at a maximum allowable implementation deadline of activities of 615 days, it added.-TradeArabia News Service
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