403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
GCC's USD30b railway delayed until 2020
(MENAFN) UAE minister of Public Works said that the GCC's regional railway project is two years behind schedule and is not going to be completed until 2020, Arabian Business reported.
According to the minister, UAE and Saudi Arabia are set to meet the original deadline of 2018, but other GCC countries will not cope with the two leading and companies and are forecast to be shelved till 2020.
'The primary total cost of the GCC rail stands at USD20 billion. However, the expenses are expected to jump to around USD30 billion,' the minister said in a statement.
According to the minister, UAE and Saudi Arabia are set to meet the original deadline of 2018, but other GCC countries will not cope with the two leading and companies and are forecast to be shelved till 2020.
'The primary total cost of the GCC rail stands at USD20 billion. However, the expenses are expected to jump to around USD30 billion,' the minister said in a statement.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment