Thursday, Mar 15, 2012
BEIRUT (Zawya Dow Jones)--Saudi Arabia expects its local north-south railway project to cost about 20 billion Saudi riyals ($5.33 billion) not including the compensations that will be paid for real estate expropriations, Saudi-based Al Riyadh daily reports Thursday, citing Mansour Al Maiman, chairman of Saudi Railway Co., or SAR.
Maiman was talking on the sidelines of the signing of a contract valued at more than SAR553 million with Spain's Construcciones y Auxiliar de Ferrocarriles, or CAF, the paper reports. Under the contract, CAF will manufacture five passenger train sets for SAR that it will deliver within 24 months, the daily says quoting Maiman.
Newspaper website: http://www.alriyadh.com/2012/03/15/article718624.html
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
15-03-12 0513GMT
