Two consortiums dropped from Dublin Metro North project
Dublin Metro North is understoof to have halved the bidding teams on the long-running project, a move that will come as a severeblow to the two dropped teams that are understood to have racked up as much as €15 million in bid costs.
NCE sister title Infrastructure Journal has reported that Cathro and Dublin Express Link have both been “ejected” from the transaction.
The two teams still in the running are:
- Metro Express - Global via Infraestructuras, Macquarie Capital Group Limited, Bombardier Transportation (Holdings) UK, Allied Irish Banks, FCC, Transdev RATP
- Celtic Metro Group - Mitsui & Co, Grupo Soares da Costa, Obrascon Huarte Lain (OHL), Barclays Private Equity, Iridium Concesiones de Infraestructuras, Construcciones y Auxiliar de Ferrorcarriles, MTR Corporation
The two teams that have been ejected from the transaction are:
- Cathró - Fluor, Siemens, BAM, Strabag, Veolia
- Dublin Express Link - Acciona, Alstom, HSBC, Bouygues, Meridiam, SIAC, Alstom
IJ reported at the end of May that bid costs on the Dublin metro project had spiralled to €10M to €15M for each of the four bidders.
KPMG is acting as financial adviser to the Irish government on this transaction alongside legal teams from Pinsent Masons and A&L Goodbody; technical advice from Turner & Townsend and Jacobs; and insurance services from Coyle Hamilton Willis.
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