Tags: ML | Emirates | Rail

UAE Rail Developer Suspends Bidding Process for Extension

Tuesday, 26 January 2016 01:45 PM

DUBAI, United Arab Emirates (AP) — The government-backed developer of the United Arab Emirates' railway network says it has halted progress on the second stage of the project.

Etihad Rail said Tuesday it was suspending the tendering process seeking bids from contractors to develop an extension that would have linked the Emirates' border with Saudi Arabia at Ghweifat with the Omani border at al-Ain.

It says it suspended the process to review "the most appropriate options for the timing and delivery of this phase of the project." It did not elaborate.

Operation of the first phase of the rail network began last month. It carries sulfur from Shah and Habshan in the country's interior to the port of Ruwais.

The OPEC member's economy depends heavily on oil revenues, which have fallen amid a slump in prices.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
MiddleEast
The government-backed developer of the United Arab Emirates' railway network says it has halted progress on the second stage of the project.Etihad Rail said Tuesday it was suspending the tendering process seeking bids from contractors to develop an extension that would have...
ML,Emirates,Rail
135
2016-45-26
Tuesday, 26 January 2016 01:45 PM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved