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FINANCIAL NEWS
Work at Dubai Metro resumes after stoppage
21 Feb 2010
(MENAFN) A statement issued by the Roads and Transport Authority (RTA) said that construction work at Dubai metro’s first rail line is slated for completion in April, and the second line is scheduled for completion in August 2011, the Financial Times reported.
RTA’s Chairman, Mattar Al Tayer, said that building works restarted this month after a settlement that has been reached with the Japanese-led consortium behind the project over about $2-3 billion in disputed payments.
The contractor of Dubai Metro Project, Dubai Rail Link (DURL) Consortium, is set to complete all the remaining works in the stations on the Red Line (18 stations) on 25 April 2010, and all works in the stations on the Green Line will be completed in August 2011, according to the statement.
The original target for completion of the fully automated metro network had been set as of this spring.
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