India | UK | US

Jordan cancels agreement on railway with Pakistani-Chinese coalition

Posted : Mon, 24 Mar 2008 15:27:02 GMT
By : DPA
Category : Business
News Alerts by Email ( click here )
Business News | Home
Amman - The Jordanian government said Monday it had terminated an agreement signed with a Pakistani-Chinese coalition of firms to build a light railway between Amman and the industrial city of Zarqa for legal reasons. "From a legal viewpoint, the documents presented by the coalition included a number of issues that violate the reference conditions and the agreement for the construction and operation of the project at the agreed time," Transport Minister Alaa Batayneh said.

The agreement on the 216-million-dollar project was signed during the World Economic Forum conference at the Dead Sea resort in May.

The winning coalition included Pakistan's Sadullah Khan & Brothers, CETC International of China, Infrastructure Development Company, Hycarbex American Energy and the United Jordanian Contractors.

The group won the contract in a competition with a Dutch-Egyptian- Jordanian consortium and a Spanish-Kuwaiti consortium.

The Jordanian government originally set February 22 as a deadline for the Pakistani-Chinese coalition to finalise the financial details, but agreed to grant the group another month which expired on on March 22.

Work on the project, which involves a commuter train running on a dual, 28-kilometre railway track from Amman to Zarqa, was scheduled to start on June 22 and be completed within 30 months.

Copyright DPA

Share/Save/Bookmark

Article : Jordan cancels agreement on railway with Pakistani-Chinese coalition
Print this article
Email this article

Stay Updated
News gadget on your Google homepage
Subscribe to a news feed in Google Reader


Related News

Porsche board agrees to VW tie-up - Summary
Berlin - Luxury German sports carmaker Porsche said Friday its board had agreed to the group's planned integration into Volkswagen AG, Europe's biggest auto manufacturer. The decision by the Porsche supervisory board came after German-based VW's supe...

Frankfurt Stock Exchange quotations 20 November 2009
Frankfurt - Frankfurt Stock Exchange closing prices in euros. In brackets the point movement of index/price movement of stocks against previous quotation: ...

Arab stocks lacklustre ahead of Muslim festivities
Amman - Most of Arab stock markets extended losses this week ahead of Eid al-Adha festivities due to start on November 27, financial analysts said Friday. They also attributed the plunge to declines on global markets, the foggy picture surrounding th...

Iberia cabin crew cancel strikes in Spain
Madrid - Cabin crew of the Spanish airline Iberia have cancelled eight one-day work stoppages foreseen to start on November 30 and stretch into December, trade union sources said Friday. The unions said they had reached an agreement with Iberia on pa...

Asia's airlines see signs of recovery, expect heavy losses
Singapore - Asia's airlines saw some signs of recovery after passenger demand slumped during the global recession, the head of a regional industry body said Friday, but the business environment continued to be challenging. Hopefully, we are at least...

Japan falls back into deflation - Summary
Tokyo - Japan is back in a period of falling prices for the first time in three and a half years, the government said on Friday, while its central bank left a key interest rate unchanged and upgraded its economic outlook. Deputy Prime Minister Naoto ...

Thai exports fall 3 per cent in October, lowest this year
Bangkok - Thailand's exports hit 14.8 billion dollars in October, a decline of 3 per cent year-on-year, marking the lowest fall in 2009, the commerce ministry said Friday. Imports reached 13.1 billion dollars, down 17.5 per cent year-on-year. Thailan...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 

 

More Business News click here
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark

 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.