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US $25bln GCC railway project tender likely in Q1 2010

Posted on 04 January 2010

From Kuwaittimes.net: Secretariat General of the Gulf Cooperation Council is due to float a public tender for the strategic $25 billion GCC joint railway network in the first quarter of the current year.

Mohammad Bin Obeid Al-Mazroui, the GCC assistant secretary general for economic affairs, said in a statement published by the UAE daily newspaper, “Al-Ittihad,” yesterday, that the secretariat general would assess the bidding companies and downgrade number of potential winners to three or five……………………………………Full Article: Source

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