Saudi: Low oil price will not impact Riyadh Metro
Saudi Arabia’s flagship mass transit system continues apace, with no delays or stalls in sight
The steep fall in oil prices have no adverse effect on the implementation of the Riyadh Metro, which continues to progress according to schedule, according to project manager Waleed Al Akrash.
“The project will be completed on time according to its schedule. The fall in the oil prices have no negative impact of it,” Al Alrash noted, adding that the mega project is now about 26% complete.
The six-line network on the Riyadh Metro will ultimately cover a total distance of some 176km, and the proceeds of its operation will be used to execute subsequent development projects in Riyadh.
The 85 stations of the metro will also be provisioned with 21 car parking lots near its stations – a substantial improvement on the two facilities provided at either end of Dubai Metro, for instance.
About 800 Saudis are currently employed across engineering and administrative work for the project, and Akrash noted that the ticket price is being adjusted to make it affordable for all passengers.
Alstom has already started the production of trainsets for the three lines of Riyadh Metro being built by the FAST consortium as part of their 2013 contract from the Arriyadh Development Authority.
German firm Pfaff-silberblau recently signing a deal to deliver the lifting systems for all of the trains.