VOL. XLVII

No 01

5-January-2004

INFRASTRUCTURE

Saudi Railways Organization Appoints Financial Advisers For Expansion Project

The Saudi Railways Organization (SRO) has appointed a consortium comprising the Union Bank of Switzerland (UBS) and the National Commercial Bank (NCB) to provide financial advisory services for a railway expansion project. In October 2002, SRO invited expressions of interest to provide financial and technical advice for the proposed rail expansion projects (MEES, 7 October...