Deutsche Bahn and Qatari Diar sign US$26-billion rail deal

By Incorrect Author 23 November 2009

A US$26-billion contract to build rail and underground lines in Qatar and Bahrain has been signed by German rail operator Deutsche Bahn. As a key a part of the gas-rich sheikdom's expansion plans, the Qatari Diar Real Estate Investment Company and Deutsche Bahn will set up a joint venture to develop a metro system in Doha, consisting of four lines and 98 stations, as well as a national rail network and a long-distance connection to neighboring Bahrain, with trains reaching speeds of 350km/h. The contract will create a new company called the Qatar Railways Development Company, which will be 49 percent owned by Deutsche Bahn and 51 percent by Qatari Diar. Read more: BusinessWeek

Gallery

While we have your attention...

An increasingly rare commodity, quality independent journalism costs money - though not nearly as much as its absence.

Every article, every day, is our contribution to Defending Truth in South Africa. If you would like to join us on this mission, you could do much worse than support Daily Maverick's quest by becoming a Maverick Insider.

Click here to become a Maverick Insider and get a closer look at the Truth.


EFF Responds

‘Pure insanity’, ‘madness’: Floyd Shivambu dismisses VBS claims

By Greg Nicolson

Dave Grohl once tried to quit Nirvana after overhearing Kurt Cobain call him a "shitty drummer". Their manager convinced him to stay.