SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Gib Bogle who wrote (64724)6/28/2006 6:10:48 AM
From: shades  Respond to of 110194
 
Thales Chosen For Dubai Metro Project >12132.FR
Edited Press Release

(where is haliburton?)

PARIS--Thales SA (12132.FR) today announced its selection to provide the city of Dubai in the United Arab Emirates with the secure fare collection system for its first rail network.

The rail transit will incorporate two lines to accommodate Dubai's population of one million and the burgeoning tourist market which is expected to hit 15 million visitors per year by 2010.

During the project Thales will equip the all stations along the route with access gates, ticket vending machines, station computers and a central controlling system. The first line is due for completion in 2009, the second in 2010.

The Dubai Metro project will be implemented in two phases. The first concerns the Red Line which will run from Rashidiya in the old part of Dubai to Jebel Ali Airport, through the new business centres of the city. Phase two will see the Green Line opening between the Airport Free Zone and Health Care City. It is predicted that the network will carry 1.2 million passengers a day. The system is expected to relieve private vehicle traffic on the city's congested roads.

Having won the contract to build the rail network from Roads & Transport Authority, Government of Dubai in July 2005, Mitsubishi Heavy Industries (7011.TO) selected Thales to provide the fare collection system. The system has to be compatible with other public transportation modes, with the Dubai's objective to provide an integrated transport network.

(END) Dow Jones Newswires

June 28, 2006 05:48 ET (09:48 GMT)