Friday, November 25, 2011

GCC roads, rail projects pave way for the future

Huge investments earmarked for railways and roads in the Gulf Cooperation Council (GCC) in the coming years are set to pave the way for the region?s future.

The total value of railway projects (rail, metro, tram, and stations) is an estimated $79 billion (Dh290 billion) between 2011 and 2020, according to a new study released by Kuwait-based investment bank, Kuwait Financial Centre or Markaz, including the $30 billion GCC rail network, to be shared among the member countries.

The GCC has historically focused its transportation investments on building highways, according to the Markaz report, thus ensuring high quality roads across most of the region
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Source: http://www.albawaba.com/gcc-roads-rail-projects-pave-way-future-402529

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