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Saudi may delay landbridge rail project
- Saudi Arabia: Sunday, July 05 - 2009 at 11:49
Saudi Arabia may delay the $7bn landbridge project to link the east and west coasts of the kingdom by rail, 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, Meed magazine has reported. Asciano, the ports and rail owner spun-out of Toll Holdings, and its seven Saudi Arabian partners who make up the Tarabot consortium, have been selected as the preferred bidder to deliver the project.
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StaffSunday, July 05 - 2009 at 11:49 UAE local time (GMT+4)
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