BR100 Increased By (1.02%)
BR30 Increased By (1.68%)
KSE100 Increased By (0.98%)
KSE30 Increased By (1.06%)
AGHA 7.69 Increased By ▲ 0.23 (3.08%)
BECO 5.31 Increased By ▲ 0.04 (0.76%)
BML 61.23 Increased By ▲ 3.97 (6.93%)
BOP 36.00 Increased By ▲ 1.25 (3.6%)
CNERGY 11.25 Increased By ▲ 0.19 (1.72%)
CSIL 6.17 Increased By ▲ 0.34 (5.83%)
FCCL 56.88 Increased By ▲ 0.46 (0.82%)
FFL 16.51 Increased By ▲ 0.10 (0.61%)
FNEL 1.20 No Change ▼ 0.00 (0%)
KEL 7.42 Increased By ▲ 0.10 (1.37%)
KOSM 6.05 Decreased By ▼ -0.10 (-1.63%)
LOTCHEM 27.20 Increased By ▲ 0.08 (0.29%)
MLCF 103.09 Increased By ▲ 5.15 (5.26%)
NBP 207.63 Increased By ▲ 0.75 (0.36%)
NCPL 61.92 Increased By ▲ 5.50 (9.75%)
NPL 72.18 Increased By ▲ 6.41 (9.75%)
OGDC 318.49 Increased By ▲ 2.19 (0.69%)
PACE 11.06 Increased By ▲ 0.19 (1.75%)
PAEL 44.38 Increased By ▲ 2.08 (4.92%)
PIBTL 16.90 Increased By ▲ 0.12 (0.72%)
PPL 222.48 Increased By ▲ 1.79 (0.81%)
PRL 63.81 Increased By ▲ 0.16 (0.25%)
PTC 73.16 Increased By ▲ 1.34 (1.87%)
SSGC 27.25 Increased By ▲ 0.17 (0.63%)
TBL 9.88 Increased By ▲ 0.16 (1.65%)
TELE 8.81 Increased By ▲ 0.08 (0.92%)
TPL 20.34 Increased By ▲ 0.94 (4.85%)
TPLP 14.97 Increased By ▲ 0.19 (1.29%)
TREET 24.10 Increased By ▲ 0.70 (2.99%)
TRG 62.37 Increased By ▲ 0.96 (1.56%)

The United Arab Emirates' rail company has ordered seven locomotives for delivery by 2012 from Electro-Motive Diesel (EMD), a unit of Caterpillar Inc , the UAE firm said on Sunday. State-owned Etihad Rail plans to complete UAE's 40 billion dirham ($10.9 billion) rail project in the next seven to eight years, and later link it to other regional lines in the Gulf Arab region.
Etihad Rail, 70 percent owned by Abu Dhabi's government and 30 percent by the UAE federal government, plans to develop a 266-km (166 mile) route for trains transporting up to 22,000 tonnes of granulated sulphur daily from sources in Shah and Habshan for export abroad at the port of Ruwais, the firm said.
Etihad Rail gave no value for the order.
he route marks the first phase of a 1,200 km freight and passenger network that will span the seven emirates, and ultimately connect the UAE to neighbouring Saudi Arabia and Oman.
The six Gulf Arab states plan to spend more than $100 billion on a rail project linking them up by 2017, with long-range plans to extend the high-speed network as far as Yemen in the south of the Arabian Peninsula.

Copyright Reuters, 2011

Comments

Comments are closed for this article.