BARWA BANK TO FUND QATAR METRO JV
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.