Etihad Rail has approved the award of the systems and integration contract for Stage Two of the UAE’s national railway network at a total cost of AED 1.6 billion.
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Etihad Rail, the developer and operator of the UAE's national railway network, has signed a Joint Partnership Agreement with the General Administration of Customs in Abu Dhabi, aimed at developing freight transport requirements to enable trains to travel more efficiently with the adoption of smart electronic technology.
The contract announcement is a major milestone passed in the mission to create the UAE’s modern, sustainable and cost-efficient national railway.
Rail forms a crucial part of the UAE’s overall infrastructural development programme and for Global Railway Review, Shadi Malak, CEO of Etihad Rail explains how providing unique solutions for moving freight by rail across the region will lead to cementing its position as a global logistics hub.
The rail terminal capacity at Khalifa Port is expected to be the largest of its kind within the UAE, accommodating 2.4 million containers yearly.
The agreement was signed by Shadi Malak, CEO of Etihad Rail, and Saeed Eisa Mohammed Al Khyeli, Director-General of ZonesCorp.
The new strategy reflects the company’s aspirations to act as a catalyst for economic growth and provide a safe and reliable means of transportation.
The Ministry of Finance and Abu Dhabi Department of Finance sign agreement for financing Stage Two of the UAE national railway network.
Etihad Rail and Egis will work together in developing and improving the Emirates network, enhancing the Middle East’s rail growth and connections…
25 July 2016 | By Faris Saif Al Mazrouei, CEO, Etihad Rail
For decades railways around the world have played an integral role in the socio-economic development of local communities, cities and countries through enhanced freight transport and logistics capabilities. Key benefits include providing a fast and efficient alternative means of passenger and freight transport; increasing connectivity between urban and rural spaces;…
Etihad Rail secures USD 1.28 billion in financing for Stage One of strategic national railway project
26 February 2013 | By Etihad Rail
Etihad Rail has secured financing of USD 1.28 billion for Stage One of its railway project...