Etihad Rail signs $542m financing deal with FAB for passenger transport – The National

Etihad Rail signs $542m financing deal with FAB for passenger transport – The National

Etihad Rail signed a Dh1.99 billion ($541.8 million) deal with First Abu Dhabi Bank on Thursday to finance passenger railway transport services.

The agreement is part of the UAE National Railways programme, the largest land transport system in the country.

FAB will be the certified lead arranger for the loan, as part of the agreement, said Abu Dhabi Media Office.