| Index | Last | Var.(%) |
|---|---|---|
| BEL 20 | 2270.63 | -0.42 |
| DAX | 6788.8 | 0.59 |
| IBEX 30 | 8902.1 | 0.60 |
| CAC 40 | 3424.71 | 0.43 |
| FTSE 100 | 5895.47 | 0.33 |
| AEX | 325.12 | -0.06 |
| DJIA | 12890.46 | 0.05 |
| Nasdaq | 2927.23 | 0.39 |
| FTSE MIB | 16653.83 | -0.09 |
| TSX Composite | 12497.94 | -0.18 |
| ASX | 4322.6 | -0.79 |
| Hang seng | 20775.51 | -1.12 |
| Straits Times | 2962.62 | -0.62 |
| ISEQ 20 | 503.71 | 0.33 |
Text size
15 June 2005
BERLIN - A proposal to build a magnetic-levitation railway on the Gulf's southern shore moved a step forward on Tuesday when Qatar and Germany agreed to launch a feasibility study.
The technical and economic study on a 160-kilometre line was agreed by Qatar's prime minister, Sheikh Abdulla bin Khalifa al- Thani, and German chancellor Gerhard Schroeder in talks in Berlin.
Schroeder lobbied for the German-built Transrapid system on a Gulf visit in March. The trains hover on a field of magnetic force and are propelled by electromagnets in the track, allowing them to travel at very high speed.
The feasibility study will deal with a rail linking between Qatar and Bahrain over a new bridge connecting the two. Gulf officials have also considered an extension to the United Arab Emirates that would make the line 800 kilometres long.
In March, Schroeder invited regional officials to visit the test track in northwestern Germany. The world's first commercial Transrapid is operating in Shanghai, China. Transrapid is a joint venture between German companies Thyssen-Krupp and Siemens.
The two leaders said the planned modernisation of Qatar's transport infrastructure offered an "excellent opportunity" for cooperation with Germany. They also agreed to set up a joint economic commission.
DPA
Subject: German news
Be part of the world's largest survey into investing with confidence and share your views with investors from other countries.
Win one of ten Amazon vouchers worth EUR 25 by filling out our annual survey.
Meet the most eligible internationals in Germany at Expatica Date!
Want to move to Germany but haven’t figured out the details? Check out Expatica’s overview of the German permit system.
In part one of our two part series, we cover the driving culture in Berlin, where to park and buy gas and, most importantly, the laws.
Our comprehensive guide includes information on how to find work, recruitment agencies, employment contracts and labour law.