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Abu Dhabi begins work on Metro and light-rail design

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The Abu Dhabi Department of Transport has started work on the design of a Metro and light-rail transit system after the Executive Council approved funding for the projects, a spokesman for the department said. The Abu Dhabi Metro, which will extend approximately 131 km and be supported by tram and bus feeder networks, is set to be operational by 2016-17.

Funding for Abu Dhabi metro approved

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The Abu Dhabi Metro, which will run approximately 131km and be supported by tram and bus feeder, is set to be operational by 2016-17. Abu Dhabi Metro would be linked to the Dubai Metro and other cities in the UAE and to other GCC states. Further details about the projects' budgets, designs and completion dates will be released soon, according to the spokesman.

Debt restructuring: 2011 the year that was…

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Cooling firm Tabreed took its time working on a deal with its creditors to refinance the Dh5 billion dirhams it owed but finally completed its recapitalisation program on 1st April 2011. Tabreed has operations in Oman, Qatar, Saudi Arabia and the UAE and has worked on projects including Zayed Sports City, Yas Island and the Dubai Metro.