Tuesday, 24 September 2013

Saudi Gazette - GCC gearing up for regional rail network as trade volume soars

Saudi Gazette - GCC gearing up for regional rail network as trade volume soars:

"The recently awarded multi-billion dollar contracts for two of the Gulf’s biggest rail schemes signals a turn of fortune for the planned GCC rail network that hopes to address mounting urban mobility issues confronting the region.

Qatar Railways Company awarded design and build contracts worth $8.2 billion for phase-one of its Doha Metro project, while Saudi Arabia’s Arriyadh Development Authority (ADA) signed more than $22bn of contracts for the delivery of the Riyadh Metro.

According to MEED, these rail developments represent two of the region’s biggest metro schemes. In Riyadh, contractors will build 176 kilometers of metro lines within five years – an undertaking that even seasoned metro builders say has never been taken on before. The Doha Metro also involves the construction of multiple tracks. Both schemes face a multitude of challenges ranging from land acquisition to traffic management and manpower to financing."

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