Qatar to invest US$40 billion on metro and railway projects
Qatar announced it will spend 150 billion riyals (over $40billion) on three metro and railway projects as part of an integrated Gulf plan, worth $200 billion.
“The net cost for the three projects amounts to 150 billion riyals, which includes metro, railway projects, Wasel and Western Gulf projects” said Saad ElMhandi, CEO of Qatar’s railway company “RAIL”.
He added, “The Wasel project is a light-passenger train which connects Wasel cities with each other. The Western Gulf project will link the Western Gulf city with Doha. Other metro and rail projects will connect Qatari cities with each other.
“Delay tenders in Qatar Railways will not affect the project’s first phase schedule which will end in 2021” an official said.