$25bn high-speed train project to link GCC
Manama, February 2, 2012
Saudi Arabia has approved a $25 billion railway project, which will link Bahrain and the other GCC countries through a 2,117km network, a report said.
The project, in which trains will run at speeds of up to 350km/hr, is set to boost regional travel and trade ties between the six countries.
The rail link will start in Kuwait and pass by the eastern Saudi city of Dammam, connecting with Bahrain through a bridge parallel to King Fahad Causeway before reaching Qatar via Salwa, while another line will connect the kingdom with the UAE through Bathaa, said the report in the Gulf Daily News, our sister newspaper.
The railway line will also run through Abu Dhabi and Al Ain to reach Oman through Sahar and Muscat, and connect Qatar and Bahrain through a bridge.
Land acquisition has been estimated to cost $3.1 billion and the cost of purchasing locomotives is pegged at $1.8 billion. Upon completion of engineering studies, work on the project will start this year and is expected to be complete by 2017. – TradeArabia News Service