Friday 25 April 2014

Saudi awards Landbridge design job to Italian firm

Saudi Arabia has appointed the Italferr engineering consultancy, subsidiary of Italian national railway group FS, to undertake design work for the $7 billion Landbridge project. Development of the planned 950 km double-track mixed


Saudi to pump $45bn into rail projects

Saudi Arabia is expected to invest $45 billion for establishment of its mammoth 7000 km railway network which will include major projects such as the Saudi landbridge, Haramain High Speed Rail and the GCC Rail, said experts ahead of an railway c


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


Saudi to award $5bn rail deal by June

Saudi Arabia's railway organisation said it would name by June the winner of the $5 billion project to build a 1,100 km railway across the Saudi desert. Four groups of Saudi and international firms are vying for the 30-year contract to bui


Agility eyes $10bn Saudi rail project

Kuwaiti logistics firm Agility and a group of Saudi and foreign firms submitted bids for a $10 billion Saudi railway project, the company's chairman said. Chairman Tarek al-Sultan said the firm had bid in a consortium with US firms KBR Inc


Firms court banks for $5bn trans-Saudi railway

Companies from Germany to Japan have approached banks to arrange as much as $5 billion to bid for a 1,100 km  railway crossing the Saudi Arabian desert, bankers and executives said on Thursday. Four groups of Saudi and international f


Focus on rail networks at Dubai event

Regional and international leaders are set to discuss ways to integrate rail networks at a conference in Dubai in October. They will also review the latest industry trends and provide fresh intelligence on the subject during the Meed’s 4th

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