Dubai says Metro on track, committed to payments

Construction of the Dubai Metro is on track, the Dubai Roads and Transport Authority (RTA) said on Thursday, adding that it was committed to meeting its financial obligations on the project.                                           

The statement comes after media reports that a consortium of four Japanese companies and one Turkish company would suspend construction of the Dubai Metro due to a delay in payment from the Dubai government.                                          

"The RTA confirms that the work of the DURL (Dubai Rail Link) consortium is continuing on the Dubai Metro project in keeping with the planned timeframe," the RTA said in a statement.                                           

"The authority confirms its contractual commitment to the financial payments in accordance with the progress of the work on the project," the statement said.                                            

Consortium members are Obayashi Corp, Mitsubishi Heavy Industries Ltd, Mitsubishi Corp, Kajima Corp, and Turkey's Yapi Merkezi Insaat Ve Sanati AS.