The Union Railway Company was established by the federal government yesterday. The state news agency reported the President of the UAE, Shiekh Khalifa bin Zayed, established the new railway company to develop a passenger and freight system in the seven emirates. The Union Railway Company has a capitalization of Dh1 billion (US 272m) and will oversee the planned national railway system.
The railway will run on a two track line between the Ruwais oil and chemical centers in Al Gharbia and the Northern emirate of Sharjah. National Transportation Authority members, Abu Dhabi Basic Industries Corporation, and delegates from each emirate comprise a rail committee which are planning the networks alignment. Dubai will begin the Metro system in September while Abu Dhabi are planning trams and metro systems by the beginning of the next decade.
