HAFEET Rail, the developer and future operator of the brand new railway between Oman and the United Arab Emirates (UAE), has signed a contract with Progress Rail for the provision of 27 EMD SD70ACS diesel freight locomotives.
The deal was signed through the World Rail 2024 exhibition in Abu Dhabi. Contract worth was not disclosed.
The locomotives will function high-performance engines and superior filtration expertise, together with pulse and sand filtration programs. Hafeet Rail says that they may also function emissions-reduction expertise, aligning with the corporate’s dedication to environmental sustainability.
The brand new locomotives will haul freight together with bulk supplies, containers, petrochemicals and metals. They are going to be constructed to the requirements of the GCC Railway, the community being developed by the Gulf Cooperation Council (GCC) to attach Kuwait, Saudi Arabia, Bahrain, Qatar, the UAE and Oman.
“This partnership reaffirms our dedication to creating and working a state-of-the-art railway community geared up with cutting-edge heavy-haul freight locomotives that meet worldwide benchmarks,” says Hafeet Rail CEO, Mr Ahmad Al Musawa Al Hashmi.
“Our fleet is tailor-made to adjust to GCC Railway Community requirements, paving the best way for environment friendly and streamlined freight motion between Oman and the UAE sooner or later.”
“We’re proud to have been chosen to work with Hafeet Rail to additional join Oman and the UAE,” says Progress Rail president and CEO, Mr John Newman.
Consultancy and finance
Additionally throughout World Rail 2024, Hafeet Rail individually introduced that it has appointed Systra to supply venture and engineering consultancy providers for the venture to construct the 303km railway from Sohar in Oman to Abu Dhabi within the UAE.
Systra will present technical assist for the joint railway community. This contains contract administration, overseeing the efficiency of contractors and suppliers to make sure full compliance with all necessities and requirements, and offering technical assist for managing environmental, well being and security, and safety requirements.
Preparatory work is now underway, following the award of civil works and railway programs and integration contracts earlier this 12 months. To finance the $US 3bn venture, Hafeet Rail has secured $US 1.5bn in debt from a consortium of native, regional and worldwide lenders, together with eight banks within the UAE and 9 from Oman.
Dentons offered authorized recommendation for the transaction. The legislation agency has additionally offered recommendation on the concession settlement for procuring building and providers on the UAE part of the road, and the observe entry settlement that can allow firms from the UAE which might be concerned within the venture to entry the prevailing rail community.
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