28 Jan 2016
Emirates Blog
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28 Jan2016

Etihad Rail,the designer and administrator of the UAE’s national rail system, yesterday affirmed it has suspended the tendering procedure for the second phase of the venture.

The declaration comes a week after it said it would cut employments, refering to operations ­efficiencies.

“The organization has suspended the present stage two delicate procedure while it surveys the most proper alternatives for the timing and conveyance of this period of the task,” Etihad Rail said.

“This choice will have no effect in front of an audience one operations and all bidders have today been educated [of the suspension] in composing.”

Etihad Rail, which is adding to the nation’s Dh40 billion, 1,200-kilometer rail system, has finished the 266km first stage. As such, 4 million tons of sulfur from Shah and Habshan has been taken via train to the port of Ruwais for the benefit of Abu Dhabi National Oil Company (Adnoc) for fare.

The 628km second stage is proposed to connect Khalifa Port and Jebel Ali ports to the Saudi outskirt at Ghweifat and the Omani fringe at Al Ain.

In October, temporary workers had resubmitted offers for areas of stage two of the undertaking.

“Etihad Rail is one of the greatest and most complex base ventures ever attempted in the UAE,” said Nasser Alsowaidi, the executive of Etihad Rail.

“As we enter 2016, we have been working intimately with our accomplices and partners to evaluate our vital needs for the year.

Accordingly, a choice has been taken to suspend the tendering procedure for stage two while we audit the most suitable timing for this venture.”

Be that as it may, with oil costs beneath US$30 per barrel without precedent for a long time, governments in the Arabian Gulf are under weight to control spending.

In October, the UAE declared a trimmed Federal spending plan during the current year, and a month ago Ministry of Finance information demonstrated that administration spending fell by 21.6 for each penny in the three months to September contrasted and the same period in 2014

Written by  Plus UAE

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