On 21 April 2008 the Tarabot consortium of seven Saudi companies and Asciano of
Australia, was named as preferred bidder for the 50-year build, own the concession for the Landbridge project, with financial close planned within 12 months. Completion was planned for 2010, however financial close could not be agreed. On 10 October 2011 the government decided the project would go ahead, but as a state project. The cost was put at up to USD 7 billion. The project will be developed on a build, operate and transfer (BOT) basis. In April 2026 the contract for the design phase of the project was awarded to the spanish engineering company Typsa ==See also ==