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European Tribune - Friday Rail News Blogging
Industry insiders have suggested that investors were unwilling to take on the political and demand risks of such a long-term project, which is estimated to cost up to US$7bn.

Who would "investors" be in this case? Where would the Saudis be looking for dollars?

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Oct 14th, 2011 at 03:08:18 PM EST
PPP bidders are typically Byzantine consortia uniting construction, manufacturing and operating companies as well as financial groups, who don't bring most of the money themselves but get it on financial markets. In this specific case, the Tarabot consortium consisted of ACWA (a Saudi power company), al-Muhaidib (a Saudi conglomerate), OHL (a Spain-based construction company), Orascom (an Egypt-based construction company), Pacific National (one of the railfreight ginats in Australia), Asciano (mother company of Pacific National), BNP Paribas, and several more.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Oct 14th, 2011 at 03:46:42 PM EST
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