RIYADH: Tendering for Jordan’s $3 billion national railway cargo network has been put on hold amid funding issues, according to MEED.
The scheme is planned to be a public-private partnership, which has been among the areas of concerns for potential investors, MEED reported citing an unnamed source.
Phase one of the project is planned to span 400 km linking Aqaba’s ports and industrial areas with the capital.
It is expected to boost rail container traffic by 5 percent by 2050 and support local transportation demand from phosphate and grains sectors.
The Jordanian Ministry of Transport had announced plans to establish the railway network connecting Amman to Syria, Iraq, Egypt and Saudi Arabia in 2004.
