Gulf countries railway project 16 cost $ 1 billion

Gulf countries railway project 16 cost $ 1 billion
Six Gulf countries linking the railway project will cost 16 billion dollars were reported. The railway feasibility study will be completed in the first quarter of this year and then the project will be started.
Six Gulf countries linking the railway project will cost 16 billion dollars were reported. The railway feasibility study will be completed in the first quarter of this year and then the project will be started.
Ramiz al-Esar, secretary-general of the Riyadh-based Gulf Cooperation Council, said the 4.5 billion dollars for line connecting Saudi Arabia and Bahrain will be spent, while the line between Saudi Arabia and other four Gulf countries will cost 11.5 billion dollars.
The Gulf states, which control the 40 of the world's oil reserves, are at the beginning of the detailed design preparations, according to AlAzizadiyya newspaper. Saudi Arabia and the United Arab Emirates have already built the 200-km railway line.
The railway line connecting the Gulf countries is expected to significantly strengthen the common market and trade volume. Turkey is scheduled to extend over the future of the railway in Europe.

Source : http://www.e-haberajansi.com