BARWA BANK TO FUND QATAR METRO JV

Qatar Today - - BUSINESS -

Barwa Bank has been ap­pointed as the sole book run­ner to ar­range fi­nanc­ing of more than QR3.64 bil­lion ($1 bil­lion) for a joint ven­ture that won a bid for the coun­try's metro project from Qatar Rail.

The Alysj joint ven­ture, which won the deal for Gold Line Un­der­ground pack­age, con­sists of Ak­tor of Greece, Larsen and Toubro of In­dia, Yapi Merkezi In­saat Ve Sanayi of Turkey, Sezai Turkes Feyzi Akkaya Marine Con­struc­tion (STFA) of Turkey and Al Jaber Engi- neer­ing of Qatar. Barwa Bank, First Gulf Bank of Abu Dhabi and Qatar In­ter­na­tional Is­lamic Bank were MLAs (man­dated lead ar­rangers) on the trans­ac­tion. The fa­cil­i­ties in­clude guar­an­tees and work­ing cap­i­tal fi­nanc­ing for the Gold Line Metro Rail project.

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