GCC Project Could Drive Imported Rail Market by Up to 1 Million Tons by 2020
Posted on January 03, 2013 at 02:29 AM EST
JOHANNESBURG--January 3, 2013--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Governments for Gulf Cooperation Council (GCC) countries could invest $100 billion in laying an estimated 6,000 to 8,000 kilometers of new railway track up to 2020. This mega-project will require substantial imports of rails from outside the region, according to GCC rail infrastructure consultants. According to plans, all six countries in the GCC will be linked by rail, with connections to Jordan and Turkey planned for a later stage.