Mitsubishi wins Dubai Metro deal
Thursday, July 27, 2006
DUBAI: An international consortium led by Mitsubishi Heavy Industries Ltd has won an order worth $88 million from the Dubai government for phase II construction work on the Dubai Metro,.
The new contract is stipulated in phase I as an option between the consortium, Dubai Rapid Link (DURL), and the Dubai government in July 2005. Phase II is scheduled to start as early as this month, with services due to begin in March 2010, according to Forbes magazine.
The other members of the DURL consortium include three Japanese companies - Mitsubishi Corp, Obayashi Corp and Kajima Corp - along with Turkey's Yapi Merkezi Insaat ve Sanayi AS.