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FINANCIAL NEWS
Riyadh Metro to be completed by 2019 at USD 23bn
10 Mar 2016
(MENAFN) The USD 23bn Riyadh Metro will be finished by 2019 and its budget is protected, while the project could be scaled back or delayed.
Furthermore, the 176-km Riyadh Metro is unaffected and the oil price drop won’t affect the metro, whereas all six lines and 85 stations would be operational.
Additionally, these will be served by electric, driverless trains, and the metro is being paid for directly from ring-fenced government funds.
However, the metro budget is unchanged, but as a design-and-build project some aspects have to be decided like the interiors of the stations.
More News
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