What are the oil-rich Arab countries doing with their oil wealth? Building rail systems. And what is Ohio doing as the IMF declares the world has "entered a period of oil scarcity"? Transferring our wealth to the Arab oil exporting countries building railways! Bizarre…
$100 billion investment seen in GCC railway projects
By Bonnie James
The total projected investment in rail projects in the GCC (Gulf Cooperation Council) countries over the next 15 years is in excess of $100bn, including Qatar's $35bn, the World Cup Construction Conference was told yesterday.
"These include passenger and freight rail networks, metro, Light Rail Transit (LRT) and tram," Hyder Consulting's regional rail director (Mena) Geoff Leffek said at the event hosted by Construction Week magazine.
Qatar's railway plans include the Doha Metro with 98 stations and 355km of track in four lines, rail networks to Bahrain and Saudi Arabia, the Lusail light rail and the Education City people mover system.
READ MORE AT:
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=429747&version=1&template_id=36&parent_id=16
$100 billion investment seen in GCC railway projects
By Bonnie James
The total projected investment in rail projects in the GCC (Gulf Cooperation Council) countries over the next 15 years is in excess of $100bn, including Qatar's $35bn, the World Cup Construction Conference was told yesterday.
"These include passenger and freight rail networks, metro, Light Rail Transit (LRT) and tram," Hyder Consulting's regional rail director (Mena) Geoff Leffek said at the event hosted by Construction Week magazine.
Qatar's railway plans include the Doha Metro with 98 stations and 355km of track in four lines, rail networks to Bahrain and Saudi Arabia, the Lusail light rail and the Education City people mover system.
READ MORE AT:
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=429747&version=1&template_id=36&parent_id=16
Ken Prendergast
Executive Director
All Aboard Ohio
12029 Clifton Blvd., Suite 505
Cleveland, OH 44107
(216) 288-4883
kenprendergast@allaboardohio.org
www.allaboardohio.org
Executive Director
All Aboard Ohio
12029 Clifton Blvd., Suite 505
Cleveland, OH 44107
(216) 288-4883
kenprendergast@allaboardohio.org
www.allaboardohio.org
