Riyadh Metro Project Remains Unaffected by Oil Price Drop

Riyadh Metro Project Remains Unaffected by Oil Price Drop :Riyadh Metro Project Manager Waleed Al-Akreesh stated yesterday, January 26th, that “the project will be completed on time according to its schedule. The fall in oil prices will have no negative impact on it.”

The statement comes at a time when the Etihad Rail Stage Two tendering process in the Emirates has been officially suspended and Etihad Rail’s workforce has been cut by 30%.

The Riyadh metro will be 178 km long with 6 lines and 85 stations including underground, elevated and at-grade sections.

Eight hundred Saudi citizens are currently working on the various engineering, administrative and financial aspects of the project.

The fare structure is currently being finalized with the objective of making it affordable and encouraging citizens to use public transport as opposed to private cars.

Riyadh had a population of 5.7 million in 2012 and is expected to increase to 8 million by 2030. The new metro system will fulfill the demands of the growing population, as well as reduce traffic congestion and improve air quality.

riyadh-metro-project-remains-unaffected-by-oil-price-drop

Writer: John Carlo Ottaviani

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