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FINANCIAL NEWS
Saudi’s SRO awards rail deal to Saudi Archirodon
29 Dec 2010
(MENAFN) Abdul Aziz Al Hoqail, President at Saudi Railway Organization (SRO), said that it has awarded a contract to Saudi Archirodon, valued at $101.9 million, for the construction of dual railway lines between Riyadh and Dammam for passenger trains by the end of 2011, in a bid to help the smooth operation of speed trains, Trade Arabia reported.
According to Al Hoqail, the proposed speed trains with a speed of 200 km/hour would reduce travel time between Dammam and Riyadh to less than three hours, and the dual railway system for both passengers and goods will be completed within one and a half years.
Moreover, in a bid to help improve railway safety and facilitate traffic flow, SRO is constructing 28 bridges over the Riyadh-Dammam railway to do away with level crossings that have caused several accidents in the past.
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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