Earlier this year a Joint Venture Consisting of Aktor S.A. of Greece, Larsen and Toubro Ltd of India, Yapi Merkezi Insaat Ve Sanayi A.S of Turkey, Sezai Turkes Feyzi Akkaya Marine Construction (STFA) of Turkey and Al Jaber Engineering of Qatar, won their bid for the Gold Line Underground Doha Metro project from Qatar Rail.


Barwa Bank, based out of Qatar, was appointed as the sole book runner to arrange the financing for the Joint Venture , said an official press release.


Barwa Bank, First Gulf Bank of Abu Dhabi and Qatar International Islamic Bank were MLAs on the transaction.


The financing was for over QAR3.65 billion (over $1 billion) and the facilities include guarantees and working capital financing for the Gold Line Metro rail project.