05 March 2013 Middle East

ABU DHABI'S ETIHAD RAIL SECURES FINANCING

Etihad Rail has secured a five-year loan of $US1.28 billion from a consortium of banks for Phase I of its ambitious, new-from-scratch rail project, Gulf News reports. According to Etihad Rail, the five-year loan is to be financed on a club deal basis by the National Bank of Abu Dhabi PJSC (Nbad), th

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