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New completion dates for Dubai Metro

Construction of Dubai metro’s first rail line is scheduled for completion in April, and the second in August 2011, the transport authority said on Saturday. Building works restarted this month after a settlement was reached with the Japanese-led consortium behind the project over about $2-3 billion in disputed payments, the Financial Times reported on Wednesday. [...]

A consortium led by Japan’s Mitsubishi Heavy Industries has put the brakes on construction work on the Dubai Metro due to a disagreement over payments, oneof the firms said Thursday. “We are slowing the pace of the construction for the purpose of negotiating the terms of contracts,” said Toshitaka Kawahara, a spokesman for Obayashi Corp., [...]