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FinancialNews
13-03-19
UAE grants JV USD420m contract for railway
(MENAFN) The UAE granted a USD420 million contract to SK Engineering & Construction Co. and a Chinese construction company for the establishment of a railway in the GCC state.
A 139 kilometer long railway construction agreement was delivered to a joint venture between SK Engineering and China State Construction Engineering Corp.
This railway is under Etihad Rail's 605-kilometer Stage 2 project, which is planned to link Ruwais with Ghuweifat on the UAE border with Saudi Arabia.
Under the deal, the joint venture will be handling design and building along with efforts related to civil and track of the rail network line.
MENAFN1303201900450000ID1098245915
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