By Elizabeth Broomhall www.constructionweekonline.com
Dubai’s long awaited Al Sufouh tram will meet its deadline of November 2014, according to the main contractor.
The consortium of firms working on the project said they have now received outstanding payments from 2009, after the government secured a $675m financing deal for the project’s first phase.
The group, which includes French conglomerate Alstom and Belgium’s Besix, said it previously scaled back the pace of construction on the state-backed tram amid discussions over refinancing.
“Works have resumed at normal speed now, and the completion date is set for November 2014,” a source close to the project told Arabian Business.
“Some payments were pending since 2009, but these have now have been solved. The project is back on track.”
The Dubai tram project was originally scheduled to be completed in 2011, but has been plagued by cash concerns in the wake of the global financial crisis. More info
