Roads

Financing announced for Baghdad metro plan

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A five-year project for French engineering group Alstom to build an above-ground urban metro line in Baghdad will cost US$1.5 billion and be funded by the French government and banks, Iraqi officials said.

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Dubai to finance new road infrastructure projects

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Dubai has hired four local and international banks to raise US$800mn by securitising Salik road toll receipts and will use the proceeds to fund infrastructure projects according to a recent government statement.

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Sandvik supplies equipment for Salalah bypass

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The Salalah Bypass will be fully operational in 2011 after a year of construction work has taken place on the US$ 50.6mn high way development in Salalah.

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Spanish company awarded contract in Saudi

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Spanish Group Telvent won a contract from Saudi Oger to implement its traffic management solution on King Abdullah Road, the 6-km highway in Riyadh, reported Trade Arabia.

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North Manama causeway contract awarded

Bahrain Financial Harbour

Orascom Construction Industries (OCI) has confirmed today that Belgian company BESIX Group (50 per cent-owned by OCI) has been awarded a US$ 265mn contract to build the North Manama causeway in Bahrain in a joint venture with the Haji Hassan Group. BESIX Group’s share of the contract is approximately US$203mn or 78 per cent of the total contract value.

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  1. 'Mecca Metro' test date set

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