01.10.2009 - Gulf rail project to cost $25bln
From Arabnews.com: The Gulf Arab rail network will cost between $20 billion and $25 billion, up from $14 billion, as the six oil producers seek to create a similar model to Europe’s Eurostar, a regional official said on Wednesday. Mohammed Obaid Al-Mazrouie, assistant secretary general for economic affairs at the Gulf Cooperation Council (GCC), told Reuters he expected a detailed study for the project to be completed this year and construction to begin by 2010 or 2011....................Full Article: Source