IRF Awards 

The Saudi Binladin Group receives two IRF awards for the Al Qassim-Al Madinah-Yanbu-Rabigh Expressway project, in the categories of Construction Methodology and Innovative Finance during the 15th IRF World Meeting held in Thailand on October 2005.

IRF Innovative Finance Award is given to organizations that enable road development to take place from funding sources that are different from traditional government or institutional money streams. Although government and institutional funding can be part of the mix for entries in this category, priority is given to entries that demonstrate innovative approaches in this field. An award will be evaluated on demonstrated success in constructing, operating, and/or managing a project or program in a cost effective/profitable manner.

IRF Construction Methodology Award demonstrates significant achievements in construction that enhance the quality, timeliness, cost effectiveness, safety, and/or efficiency in the construction means, methods and delivery on road development projects. An award will seek to recognize those entrants who demonstrate effective construction strategies that can be replicated or serve as examples to advance the process of road construction generically. Entrants will base their applications on the success of a concept as demonstrated on a specific project.