Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

Oman to focus on domestic rail

TNE-DF_2016-02-15_16-1
2 years ago

The Gulf Corporation Council (GCC) plans a regional rail network.

BY FATMA ALARIMI

Reuters

MUSCAT, Oman – Oman may focus on building a domestic rail network rather than connecting its railways to a regional system, because of uncertainty over when the regional project will go ahead, Transport Minister Ahmed bin Mohammed al-Futaisi said on Sunday.

Oman and the five other states in the Gulf Cooperation Council (GCC) have been planning to build a railway line linking the region. Tens of billions of dollars would be spent on about 2,100 kilometers (1,310 miles) of track. But technical and bureaucratic delays have pushed expected completion of the project past the original target of 2017, and low oil prices are now dragging thefinances of GCC governments into deficit, prompting them to slow construction plans in some areas. This has cast further doubt on the project.

Last month Etihad Rail, the state-backed firm building a railway network in the United Arab Emirates, said it had suspended the tendering process for a plan to connect track inside the UAE with the borders of Saudi Arabia and Oman.

Futaisi told reporters on Sunday that the suspension of Etihad’s plan made it difficult for Oman to award a contract for its own track, even though Muscat was ahead of other countries in designing its part of the network.

“The picture is not clear yet,” Futaisi said.

As a result, he added, Oman might change its focus from using its railways to distribute imports of goods around the region via the GCC network, to facilitating Oman’s seaborne exports of items such as raw materials.

“We are connecting the ports, as planned, but we might be utilizing the railway for promising sectors such as mining,” Futaisi said.

“Instead of the initial plan of importing via Oman’s ports and then using the GCC rail project, we might start with exporting what we have in Oman.”

The GCC rail plan envisages a line running from Kuwait down the Gulf coast and through the UAE to the Omani capital of Muscat, where it would link up with a domestic line to be built to the ports of Duqm and Salalah in southern Oman.

Futaisi said the future of the regional rail network would be discussed at the next meeting of GCC transport ministers, which might occur in October.

Comments Whatsapp Twitter Facebook Share
More From The News
Business

Female workers sue McCormick & Schmick's ...

2 days ago
Entertainment

Trump says female senator 'would do anyt ...

2 days ago
Science

Paris hosts major climate summit _ and i ...

2 days ago
Living

Late-night host Kimmel holds son, pleads ...

2 days ago
Most Popular

French PM says Disputed Labour Bill Open ...

By The Associated Press
Business

Digital Movies Retailers: Vudu or Itunes ...

By The News
Business

Congress averts shutdown, sends Trump st ...

By The Associated Press
Business

Japan economy gains momentum, grows 2.5 ...

By The Associated Press
Business

Global stocks mostly rise on economic gr ...

By The Associated Press
Business