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Indian, Italian firms win UAE rail deal
The UAE has awarded a Dh3.3 billion contract to a consortium of one Indian company and two Italian firms involving construction and engineering work for a mega rail project that could cost a total Dh40 billion. Etihad Rail has estimated the project’s total costs at Dh40 billion and that once it is completed, it will have a capacity to transport nearly16 million passengers and 50 million tonnes of cargo per year.