Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi- Haramain railway main station in Makkah to cost SR3.2bn  Join our daily free Newsletter

MENAFN - Arab News - 09/04/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093501607 Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093501607 Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


(MENAFN - Arab News) The Haramain Railway's main station in Makkah will cost SR3.2 billion, Transport Minister Jabara Al-Seraisry said yesterday after inspecting the progress of work at the station.

He said real estate property valued at more than SR600 million have been appropriated for the high-speed railway project linking the two holy cities of Makkah and Madinah via Jeddah.

The minister was given a presentation on the project and its various phases. "The project is progressing well in accordance with the plan, despite the difficulties in the land acquisition process," he said.

"Our intention is to carry out this vital project without causing any harm to residents," Al-Seraisry said.

The high-speed rail link will be completed in 2014 when passenger trains start running.

The main station in Makkah will be ready before that.

The minister said real estate owners would be given compensation for land and buildings if they posses valid deeds. "If they don't have any deeds, the compensation will be only for the demolished buildings," he added.

However, he emphasized all real estate owners would get suitable compensation. He said the ministry would ensure the project is of high quality.

Last month, Al-Seraisry inspected the railway station on King Abdul Aziz Street in Madinah.

Apart from the five stations originally planned for Jeddah city, King Abdul Aziz International Airport, King Abdullah Economic City in Rabigh, Makkah and Madinah, the railway will have an additional one at Abyar Ali in Madinah.

Crown Prince Naif, deputy premier and minister of interior, ordered Abyar Ali station because it is the location where many pilgrims change into their ihram before heading to Makkah for Haj or Umrah.

The government signed recently a SR30.815 billion contract with a Saudi-Spanish consortium for implementing Phase II of the project. When completed, the railway will represent a quantum leap in the Kingdom's transport sector.

The final phase of the project include construction of railway tracks, installation of signals, telecommunications, electrification system, operational control center, procurement and manufacture of rolling stock, and maintenance of rolling stock and the entire infrastructure for a period of 12 years.

The Makkah-Madinah rail link is part of the major railway expansion project, which includes linking Jeddah with Riyadh and Dammam. The Haramain Railway is expected to carry more than 150,000 passengers daily during peak seasons, such as Haj and Umrah.

 






  MENA News Headlines
May 20 2013Dubai's DEWA launches USD29m substation ,MENAFN
(MENAFN) Dubai Electricity and Water Authority (DEWA) MD and CEO, HE Saeed Al Tayer, announced that the utility has opened a substation in Dubai Marina valued at USD29 million, reported Arabian ...

May 20 2013Strong foundation for a thriving 'Medical Tourism' industry in UAE ,MENAFN Press
(MENAFN Press) Dubai, UAE: The UAE is currently witnessing progress in the global medical tourism industry today. Being a melting pot of cultures and located only a few hours away from one third ...

May 20 2013Saudia to start flights to LA, Toronto ,MENAFN
(MENAFN) Saudia's deputy director general, Abdul Aziz Al-Hazmi, announced that the Kingdom's national carrier will add Los Angeles and Toronto to its North American network, reported Arabian ...

May 20 2013Indonesia names new finance minister ,AFP
(MENAFN - AFP) Indonesia's president on Monday named the country's investment chief as the new finance minister, putting him in charge of Southeast Asia's top economy at a time of major ...

May 20 2013EU, China have 'much to lose' in case of trade war ,AFP
(MENAFN - AFP) The latest tit-for-tat EU-China trade disputes could signal worse to come but both sides have a lot to lose if things get out of hand and harm the much-needed economic growth they ...

May 20 2013Yahoo! to buy blog-maker Tumblr for $1.1 bn ,AFP
(MENAFN - AFP) Yahoo!'s board has approved a deal to purchase the popular blogging platform Tumblr for $1.1 billion in cash, The Wall Street Journal reported. The deal, if confirmed, would be the ...

May 20 2013Britain's Cameron makes personal plea to tax havens ,AFP
(MENAFN - AFP) British Prime Minister David Cameron on Monday wrote to leaders of oversees tax havens, urging them to help the country's efforts to combat tax evasion and avoidance. Cameron sent a ...

May 20 2013Danone strikes deals to meet China's taste for yogurt ,AFP
(MENAFN - AFP) French food industry group Danone is ramping up its presence in the growing Chinese market for dairy products with two deals on Monday to tap sales of yogurt and health foods, the ...

May 20 2013H&M mulling production in S. America, Africa: CEO ,AFP
(MENAFN - AFP) Swedish fashion giant H&M is considering starting production in South America and Africa, chief executive Karl-Johan Persson told the Financial Times in an interview published on ...

May 20 2013Alzheimer's leaves bilingual victims stranded in Canada ,AFP
(MENAFN - AFP) The devastating effect of Alzheimer's disease on bilingual people has been thrown into focus in Canada, where the sudden loss of a second language can leave sufferers feeling like ...

more...


 
MENAFN






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help