The United Arab Emirates (UAE) and Jordan have signed a major settlement price $2.3 billion aimed toward establishing a 360-kilometer railway, that is reported by the railway transport information portal Railway Provide.
The brand new transport hall will join the port of Aqaba with key mining areas of Al-Shidiya and Ghor Al-Safi.
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This venture shall be half of a bigger $5.5 billion funding bundle authorized by each nations in November 2023.
The accountability for implementing the venture shall be undertaken by UAE’s Etihad Rail.
One of many primary goals would be the modernization of Jordan’s railway infrastructure. As a part of this effort, new trains shall be produced and delivered, complying with fashionable worldwide requirements.
The development will take 5 years, with completion deliberate for 2030.
The venture additionally consists of the creation of specialised terminals for mineral merchandise.
You will need to be aware that loading and unloading complexes shall be in-built Aqaba, Ghor Al-Safi, and Al-Shidiya, making certain environment friendly dealing with of phosphates and potash fertilizers.
These supplies are the muse of the native business, and the brand new railway line will considerably simplify their transportation.
As well as, Etihad Rail has signed agreements with Jordan Phosphate Mines Co. and Arab Potash Co., beneath which 16 million tons of merchandise shall be transported yearly through the brand new community.
These agreements open up new alternatives to strengthen financial ties between the nations, supporting the event of Jordan’s logistics and transport infrastructure.
Jordan and the UAE have maintained sturdy financial and diplomatic relations for a few years.
Over the previous decade, the UAE has invested about $22.5 billion in Jordan’s economic system, making them one of many largest international buyers.
Detailed research are at present underway on the railway routes and preparation for mineral useful resource processing.
It’s anticipated that each one analysis work shall be accomplished by the tip of 2025. Tenders for development work shall be introduced in 2026.
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