Sunday 20 April 2014
rail project

GCC planning $100bn rail projects

The countries in the Gulf region are set to spend over $100 billion on setting up modern rail networks connecting all countries of the Arabian Peninsula, said an expert citing study reports. These projects will in turn help transform trans


IDB seeks funding for Jordan rail project

Saudi-based Islamic Development Bank (IDB) is in talks with several global financial institutions to secure funds for Jordan's ambitious $5 billion railway project, said a report. The project is set to change the re


Astaldi may bid for Turkish rail projects

Astaldi, Italy's No. 2 builder, wants to build hospitals, railways and power plants in Turkey because of its rapid economic growth and strategic position between Europe and Asia, Chairman Paolo Astaldi said Thursday. Astaldi is also intere


Riyadh may delay $7bn landbridge rail project

Riyadh may delay the $7 billion landbridge rail project amid speculation the government will step in to wholly fund the plan instead of opting for an initial 50-year build-operate-transfer deal financed through debt, said a report. The Sau


UAE railway project wins approval

The UAE government has given the green light to its ambitious $3 billion railway project, that will link all the seven emirates, and will start seeking tenders by 2015, said a news report. The emirates-wide rail network, which wi

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