FT.com / Middle East / Finance - Dubai Metro payment dispute resolved
Work has restarted on Dubai’s Metro after a settlement was reached with a Japanese-led consortium over disputed payments of about $2bn-$3bn, according to two sources aware of the situation.
The consortium members – including the Japanese companies Obayashi, Mitsubishi Heavy Industries, Mitsubishi, Kajima and a Turkish contractor – slowed down their work in early January to strengthen their hand in talks with the Dubai Roads & Transport Authority.
But construction of the 18 unfinished stations on the main red line and another 18 on the unopened green line started again on February 7, according to contractors.
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