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logistics group
QATAR Railways
By Arien on Sat, 21/11/2009 - 8:08am
Qatar and Deutsche Bahn ‘in $25bn deal’
German rail operator Deutsche Bahn is set to sign a $25bn contract with Qatar tomorrow
Qatar is set to award a $25bn contract to German rail and logistics group Deutsche Bahn tomorrow to build and operate a passenger and freight rail network in the country.
A source said the deal would see the launch of the Qatar Railway Development Company, a joint corporation in which Qatar Railways is expected to hold 51% and Deutsche Bahn 49%.
German Transport Minister Peter Ramsauer yesterday said in Berlin that he would travel to Doha together with Deutsche Bahn chief executive Ruediger Grube to sign the deal.
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