Etihad Rail suspends tendering for stage two
UAE-based Etihad Rail announced it will be suspending its tendering process for stage two of project, Reuter reports. The suspension was made in order to review the investment and the options for the timing and delivery of the phase of the project.
The stage two included the construction of a rail network in Abu Dhabi that connects the borders with Saudi Arabia and Oman along with areas in the UAE.
According to the news agency, the UAE government has begun to show signs of slowly down spending and reviewing construction plans as a result of low oil prices.
“Etihad Rail is one of the biggest and most complex infrastructure projects ever undertaken in the UAE,” Nasser Alsowaidi, the chair of Etihad Rail, told local paper The National, that the rail project is one of the most complex infrastructure projects undertaken in the UAE. “A decision has been taken to suspend the tendering process for stage two while we review the most appropriate timing for this investment.”