The first stage comprises the route from Shah and Habshan to Ruwais.
Etihad Rail chairman HE Nasser Alsowaidi said: 鈥淭he securing of this loan not only represents the beginning of a new era for the UAE in trade and travel through a transportation network that will connect all seven emirates with our GCC partners, but also reflects the international financial community鈥檚 confidence in Etihad Rail and the significant potential of the UAE鈥檚 national railway.鈥�
On completion, the UAE鈥檚 national railway network will span approximately 1,200km across the Emirates.
Etihad Rail has recently announced a number of contract awards for stage one of the rail network. The civil and track works contract has been awarded to a consortium of Italy鈥檚 Saipem, Tecnimont and UAE-based Dodsal Engineering and Construction. The project management consultant has gone to a joint venture Parsons-Aecom. PCM Strescon Ventures os providing the railway sleepers.
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