Riyadh Metro chief says contractors paid on timeby Neha Bhatia on Mar 23, 2016
Officials working on Saudi Arabia's $23bn Riyadh Metro project said are paying contractors on time despite turbulent economic conditions.
Payments have been delayed in the Kingdom as dwindling petrodollars impact state spending and market fluidity.
However, Riyadh Metro officials said they are confident the project will complete on time.
Alwalid Alekrish, director of construction for development projects at Arriyadh Development Authority (ADA), and project director of Riyadh Metro, said the 176km metro will not be delayed.
According to Arab News, Alekrish assured the team has maintained its resources despite decreasing oil prices, and has been paying its contractors on time.
"The operations of Riyadh Metro, with six lines and 85 stations, will start by 2019," he continued.
"Electric trains without drivers are being developed as part of the operations."
Construction Week previously reported the rail development looks set for completion even slightly ahead of its scheduled 2018 completion date.
Eng Anas Hamad Almousa, ADA’s project manager for Package 2, Line 3 at Riyadh Metro, told Construction Week that the low oil price has not affected progress at the project.
“Basically, we are trying to work as a team: the contractors, the engineers, the consultants, and us [ADA] as the employer,” he said.
“We assist with day-to-day activities and push the contractors to meet the project’s schedule.”
- Expats banned from buying property in Saudi cities
- Sohar Industrial's $51m Phase 7 works 30% complete
- Abu Dhabi approves projects worth $148m in emirate
- Thyssenkrupp wins 641-unit Riyadh Metro contract
- Dubai Ruler oversees DEWA-Masdar solar park MOU
- Emaar awards Dubai Hills PM contract to EllisDon
- Cayan's CMC Tower nears completion in Riyadh
- Saudi Real Estate inks deal to build Riyadh hotels
- Company formed to manage UAE Barakah nuclear units
- Switzerland opens world’s longest, deepest tunnel