UAE – Mubasher: Etihad Rail is reportedly approaching banks to secure $2 billion loan to fund the UAE’s national rail network project, informed sources told Reuters.
The new loan will be a corporate loan, not a project financing, the sources added.
Etihad Rail has successfully completed the 264 kilometres stage one of the national rail network which is now fully operational having been delivered on schedule and within budget.
Established in June 2009, Etihad Rail’s purpose is to manage the development, construction and operation of the UAE’s national freight and passenger railway network.
