India-headquartered engineering giant Larsen & Toubro (L&T) announced on Tuesday that the Metallurgical & Material Handling Strategic Business Group of L&T Construction in joint venture with Chinese construction giant Power China was awarded a large contract by the UAE’s Etihad Rail Company for the Design and Build of Freight Handling Facilities at seven locations across the emirate.

Etihad Rail Company has been established under the federal law of UAE, with the mandate to manage the development, construction and operation of the UAE’s national freight and passenger railway network.

The scope of work involves design, engineering, procurement, construction and commissioning of bulk material handling systems (rail loading and unloading systems) with associated civil and structural works, bulk material storage facilities, general cargo and container handling facilities with freight terminal management and control systems, according to the statement issued by L&T.

The statement revealed that all the freight stations will include railway siding and track works apart from other infrastructure works such as bridges, buildings, roads and drains, water and electricity utility systems.

While L&T didn’t disclose the project cost, the Abu Dhabi Government Media Office, in a tweet, pegged the project cost at 1.87 billion UAE dirhams ($509 million).

(Writing by Anoop Menon; Editing by Mily Chakrabarty)

(anoop.menon@refinitiv.com)

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2020