Foreign firms vie for Dubai tram deal
Companies from France to Japan are vying for a Dh2bn contract to build a tram system in Dubai to ease traffic congestion, the London-based Middle East Economic Digest (MEED) reported.
Dubai's Roads and Transport Authority (RTA) said in June it would spend at least Dh75bn over the next five years building roads, bridges and a metro system to keep pace with the population, which the government says will double by 2015.
France's Alstom, Italy's Ansaldo, Japan's Marubeni Corp, Australia's Leighton Holdings Ltd and Germany's Siemens are part of three groups bidding for the design-and-build contract, MEED reported in its latest issue.
The first phase of the system will pass one of Dubai's palm-shaped islands and Mall of the Emirates, which has the Middle East's first indoor ski slope, MEED said. The first lines start operating with the Dubai Metro system in September 2009.
The population of the Gulf's tourism and trade hub has almost doubled over the past decade and may double again to more than two million by 2015, according to figures from the RTA. (Reuters)
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