Abu Dhabi: Etihad Rail – the developer and operator of the UAE’s national railway network yesterday announced the signing of a Memorandum of Understanding (MoU) with Dubai Industrial City for the development of a rail terminal within the City.

“The terminal... will incorporate extensive container, automotive and bulk-handling facilities.

“The destination boasts close proximity to the UAE’s top hubs for transport, situated 25km away from Jebel Ali Port, 50km away from Khalifa Port, and 5km away from Al Maktoum International Airport between roads E311 and E611,” Etihad Rail said in a statement.

Etihad Rail previously said it had secured a five-year loan of Dh4.7 billion from a consortium of banks for Phase I of its three-phased rail project which would cost Dh40.3 billion. Its mandate is to build 1,200 kilometres of railway lines which will be completed by 2018.