GCC rail investments to exceed USD200bn: Official
Muscat – Ahead of the third Oman Land Transport Infrastructure Summit, which will be inaugurated on Monday, a session held on Sunday highlighted the GCC railway development and its integration with national railway projects.
In a presentation on GCC railway projects, and their progress and challenges, Dr Ramiz al Assar, World Bank’s senior resident advisor at the GCC Secretariat General, said investments for the entire regional project is expected to exceed US$200bn.
He said, “This is the most challenging project in the GCC. The engineering designs of the various national railway projects are at different stages and are expected to be completed by the end of 2013, or early 2014. Construction is expected to commence in 2014 and 2015. And the entire project is expected to be completed by the end of 2018 or the beginning of 2019.”
Muscat Daily 2013, Sep 08 2013