Persian Gulf Rail Deadline to Be Re-Set Amid Oil Price Plunge - Bloomberg Business:
"Development of a 1,350-mile (2,170-kilometer) railroad network along the Persian Gulf linking Kuwait with the Indian Ocean is likely to be delayed as the six nations involved review budgets for the project because of the drop in oil prices.
The completion target date of 2018 is unfeasible, and the Gulf Cooperation Council member countries will meet in the Saudi capital of Riyadh next month to set a new deadline, United Arab Emirates Minister of Infrastructure Development Abdulla Belhaif Al Nuaimi said. The regional scope would remain unchanged, he said.
“All of us agreed” at a regional meeting last year to fix a new date, and “we have asked all the ministers to come up with a realistic program," Al Nuaimi said Wednesday at a Dubai press conference."
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