Bahrain has shortlisted three firms for a contract encompassing transaction advisory services for the metro rail project.

According to a Bahrain Tender Board notice, the Ministry of Transportation and Telecommunication has selected Al Zayani Engineering, KPMG and PriceWaterCoopers (PwC) for Phase I of Bahrain Metro.

In February, the transport department launched the bidding process seeking applications from companies to provide technical, financial and legal consultancy services.

The scope of the works also included assisting in the documentation process for the tender such as the design, construction and operation of Phase I of the metro project.

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Overall, the government received eight requests for proposals (RFPs), of which these three bids were shortlisted.

According to local media sources, the Bahrain Metro is estimated to cost up to $2bn.

The project is conceived as part of Public Transport Masterplan 2030 and will provide a sustainable mode of transportation to commuters mitigating current traffic congestion.

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Once complete, the Bahrain Metro project will include a 184km-long network comprising six lines. The metro system will be implemented in four phases.

In the first phase, two lines encompassing a 30km-long network covering 20 stations will be built.

The first line will connect the airport to Seef Mall, traversing through Airport Avenue and King Faisal Highway, the Avenues Mall, Bab Al Bahrain and Bahrain City Center Mall.

The second line will run between Juffair and the Educational area in Isa Town through Al Fateh Highway, Diplomatic area, Bab Al Bahrain and Al farooq Junction.