Etihad Rail awards contract for railway sleepers
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Sat July 2, 2011 5:04 pm

UAE.  Etihad Rail – the master developer and operator of the UAE’s national railway network – announced today a contract award to PCM Strescon Overseas Ventures Limited (PCM Strescon) for the provision of railway sleepers.

The Indian-based company will be responsible for the design and manufacturing of railway sleepers as well as the production of the sleeper manufacturing facility for Phase One of the railway network - the 266km route linking Shah, Habshan and Ruwais in Abu Dhabi’s Western Region.

The award of this contract marks a major milestone for Etihad Rail and comes ahead of the laying of the first tracks for the 1,200km network in Q4 of 2012.

PCM Strescon is a leading manufacturer of pre-stressed concrete sleepers and the company has already set up two factories in the Kingdom of Saudi Arabia with the world’s highest production capacities, and have supplied more than 2.6 million sleepers to the North South Railway Project of Saudi Arabian Railways (SAR), in the Kingdom of Saudi Arabia. 

For the Etihad Rail network, PCM Strescon will oversee and manage the design, manufacturing, maintenance and storage of the railway sleepers that will support the network’s tracks that will carry the trains transporting granulated sulphur (in partnership with Abu Dhabi National Oil Company) for export at the port of Ruwais.

Commenting on the award, Etihad Rail CEO Richard Bowker, said, “We are delighted to announce that Etihad Rail will be working with PCM Strescon, a leader in the industry. This award clearly highlights that we are moving full speed ahead with the railway network – one that will transform the transport sector in the UAE. We look forward to announcing news of further important contract developments over the coming months.”

Etihad Rail’s AED40 billion railway project is forecast - over the next two decades - to grow to transport up to 50 million tonnes of freight and 16 million passengers per annum, connecting population centres and opening up channels for trade.

When complete, the UAE-wide network will change the way people and goods move across the Emirates, by providing a modern, safe, efficient, and environmentally sustainable method of transport, and will form a vital part of the GCC Railway Network.

Etihad Rail was established in June 2009 under Federal Law no. 2, with a mandate to manage the development, construction and operation of the UAE’s national freight and passenger railway network.

The railway network will be built in phases to link the principal centres of population and industry of the UAE, as well as to form a vital part of the planned GCC railway network linking the six countries of the GCC.

Built to international standards, Etihad Rail’s state of the art network will act as a catalyst for economic growth and sustained social development. Once complete, the railway will redefine logistics and transport in the region, providing a modern, safe, efficient, sustainable network that will connect all regions of the UAE, and the UAE to its wider GCC neighbours.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: December 22, 2014
INTERNATIONAL. Looking at the long term charts, we find trend line support from lows back in December 1998 and this currently gives WTI crude oil a target of US$4/b and Brent a target of US$52.40/b.
date:Posted: December 19, 2014
UAE. As a gateway of opportunity for Asia, Dubai has a key role in driving growth momentum; Between 2010 and 2013, GCC-China trade grew faster than with any other significant trade partner.
date:Posted: December 18, 2014
INTERNATIONAL. A new analysis presents the key trends that will transform the global market over the next decade and beyond.
UAE. Colliers International Dubai House Price Index, compiled using actual mortgage transaction data from a consortium of financial institutions, registers no change over Q3 2014, for the first time since Q2 2012.
dhgate