By Neha Bhatia
Transport minister Abdullah Al-Muqbil reportedly says work on 176.7km rail project is 25% complete
Work on the $22.5bn (SAR84.4bn) Riyadh Metro project is on track for scheduled completion, the Kingdom's transport minister said.
Abdullah Al-Muqbil denied the rail project in Saudi Arabia's capital will be opened later than its scheduled 2018 opening.
Work on the project began in April 2014 after Arriyadh Development Authority (ADA) announced the project's winning design and build bids.
Al-Muqbil said work on the project is progressing speedily, with 25 percent of the development already completed.
The decline in global oil prices fuelled rumours that the 176.7km six-line metro network will be delayed, but Al-Muqbil denied these remarks.
According to Reuters, Al-Muqbil "exuded confidence that the project will be completed within the next three years and also indicated that there are some metro lines, work on which will end ahead of schedule".
No new partners will be roped in for the project's implementation, he added.For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.