Dubai Metro cost expected to go up by 75 percent
Dubai: The cost of building Dubai`s metro rail network is expected to increase by 75 percent above original estimates by the time it opens next summer, the city`s leading transport official has said.
According to estimates, the cost of Dubai Metro will increase from USD 4.4 billion to about USD 7.2 billion by June 2010, while the first phase of the Metro will be operational from September 9 this year.
Mattar al Tayer, the chairman of the board and executive director of the Roads and Transport Authority (RTA), said that the completion date will be pushed back by three months and only 10 of the 29 stations will open next week.
The 75 percent increase in the estimated cost comes from changes to the original plan, including extra stations, depots and track extensions, Al Tayer said adding that the RTA was not waiting for extra finance to finish the project.
"The finance of the Metro is guaranteed by the Dubai Government and until now we have been paying on time. I can assure you we pay on time," he said.
More from India
More from World
More from Sports
More from Entertaiment
- China condemns Pakistan over Uri terror attack
- Indian- Americans launch online petition to declare Pakistan 'sponsor of terrorism'
- DNA: Analysis over who is responsible for tense condition of Kashmir after Burhan Wani's death?
- Should Pakistani artists be restricted from working in India?
- EU warns Pakistan of political and economic sanctions over atrocities in Baloch
- Uri attack: Israel ready to help India with cutting-edge technology to secure borders
- India's Rafale vs Pakistan's F-16: Why the French fighter jet is the best choice for dogfight
- All you need to know about Reliance JioFi at Rs 1,999 – use free data till December 31
- If you have guts, send your suicide bombers to Pakistan: Samajwadi Party to MNS' Raj Thackeray
- India's Balochistan push works, European Parliament warns Pakistan of sanctions over atrocities on Balochi people