France wins $2.7 billion Qatar tram deal
Set to be operational by 2018-20
Yesterday, the French conglomerate Alstom and Vinci signed a $2.72 billion deal with Qatar to build a futuristic tram for the upcoming Lusail City.
The new venture will see the light rail system starting to operate by 2018-20, and was signed by Qatar's emir, Sheikh Tamim bin Hamad Al Thani, in front of journalists during a recent visit to Paris.
The train will be part of one of the Gulf's largest real estate developments, Lusail City, which is expected to house up to 200,000 people. The new $45 billion city will hold commercial districts including the $275 million Marina Mall project, 22 hotels, four islands, two golf courses and feature the 80,000-seat Lusail Stadium — where the championship match of the 2022 FIFA World Cup will be played.
The leaders of the two countries also discussed the possible sale of French Rafale fighter jets — built by Dassault Aviation — to Qatar but no immediate conclusion was made. "They discussed it. Negotiations are continuing," a source close to French President Francois Hollande said.