Thursday, November 21, 2024
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    Ministry signs MoU with Etihad Rail to build railway project

    Etihad Rail, the developer and operator of the UAE National Railway Network, signed two Memoranda of Understanding valued at USD 2.3 bln with Jordan’s transport ministry and local companies to build, operate and maintain a mineral railway network in Jordan.

    Etihad Rail said in a press statement that it has signed memorandum of understanding (MOU) with the Jordanian Ministry of Transport to explore development and operation of a 360-kilometre railway network linking the country’s phosphate and potash mines to its Port of Aqaba.

    The project is anticipated to start operations by 2030 with detailed study on railway alignment and the handling requirements for potash and phosphate expected to be completed by the end of 2025 followed by the issue of construction tenders in 2026.

    The railway route will commence at the phosphate port and the industrial port in Aqaba, extending northward to Wadi Al-Yatam and then to Shidiya. Another route will branch westward from Wadi Al-Yatam to Ghor Al Safi through Wadi Araba.

    The MOUs also cover the manufacturing and supply of rolling stock, construction of loading and unloading terminals in Aqaba, Ghor Al Safi, and Shidiya and the maintenance, repair, and operation of the mineral railway.

    The project will be implemented under the Jordanian Investment Fund Law.

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