By Alexander Cornwell, Staff Reporter www.gulfnews.com
Dubai: The UAE federal government will fund the second stage of the country’s national railway network, which is being built by Etihad Rail, the company’s acting chief executive said on Tuesday.
“It’s 100 per cent government [funded], Faris Saif Al Mazroui, acting CEO, told reporters on the sidelines of the Dubai International Project Management Forum.
Stage two encompasses 628 kilometres of rail connecting the existing network to Mussafah and Khalifa Port in Abu Dhabi, Jebel Ali in Dubai and to the Saudi and Omani borders. The 264-kilometre existing network from Shah and Habshan to Ruwais in Abu Dhabi was completed as part of stage one.
Al Mazroui declined to state how much Etihad Rail, which is owned 70 per cent by Abu Dhabi and 30 per cent by the federal government, will need to finance stage two of the network. More info
