The group led by Spanish state-owned rail company Renfe and in which Obrascon Huarte Lain SA participates will be awarded the 6 billion euro ($8.25 billion) contract to build a high speed rail link between Mecca and Medina, El Confidencial reported, citing two unidentified people with knowledge of the matter.The 450-km high-speed railway will reduce the distance between Makkah and Jeddah to half an hour and between Jeddah and Madinah two hours.Saudi Railways Organization (SRO) received the technical and financial offers of Phase 2 of Haramain High Speed Rail Project (HHR) in July 2010. SRO announced that only two consortia, a French-Saudi group Al-Rajhi Alliance and Spanish-led Al-Shoula Consortium have submitted their technical and financial offers to Saudi Railways Organization.The contract would include construction of railway tracks, installation of signal system and telecommunications, the procurement of rolling stock and equipment, and maintenance for the entire infrastructure for a period of 12 years.Winning Consortium- Consortium Name: Al-Shoula Group- Consortium Leader: Al-Shoula Group- Track and Systems: Copasa/Imathia/Cobra /OHL/Dimetronic/INABENSA/Indra- Rolling Stock: Talgo- Operator and Maintainer: Renfe/Adif/Consultrans/Imathia/Ineco- Saudi Consortium Member: Al-Shoula GroupThis information, published on the Spanish website, El Confidencial, has not been made official yet.Follow us on twitter!