Monday, 25 September 2017 06:04 GMT

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UAE's Etihad Rail in JV deal with Deutsche Bahn

(MENAFN) UAE's railway developer Etihad Rail said that it signed a joint venture deal with a unit of Germany's Deutsche Bahn, Arabian Business reported



The joint venture deal is for operating and maintaining a planned USD11 billion rail network in the UAE



Chairman of Etihad Rail DB said: "The company will pave the way for the railway operations in the UAE and set a benchmark in the region.



Etihad Rail DB will manage operations for the railway's first stage, ansporting granulated sulphur on a 264-kilometer route



Deutsche Bahn, which operates passenger and freight services on a 33,500-kilometer rail network, is Europe's largest railway company
UAE's Etihad Rail in JV deal with Deutsche Bahn

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