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Aqaba Railway

Sector: Mass Transit • Location: Jordan

Source: World Bank Group

Project
Active

The project company will rehabilitate the existing line, build 50 KM of new track, and maintain and operate the facility for a 25-year period. The project aims to accommodate the increased production of phosphate rock and related phosphate products. Financial closure was achieved with a loan from the Overseas Private Investment Corporation (US$ 52 million in debt and US$ 6 million in political ris

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The project “Aqaba Railway” is an infrastructure initiative in the Mass Transit sector, located in Jordan. Taiyo aggregates data on it from World Bank Group.

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Participants

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Status

Original status

active

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Description

Description

The project company will rehabilitate the existing line, build 50 KM of new track, and maintain and operate the facility for a 25-year period. The project aims to accommodate the increased production of phosphate rock and related phosphate products. Financial closure was achieved with a loan from the Overseas Private Investment Corporation (US$ 52 million in debt and US$ 6 million in political risk insurance). The project company ownership structure is divided as follows: Raytheon and Wisconsin Central own 51% of the shares; the remaining shares are held by the Kawar Group, Jordan Phosphate Mines Company (25%) and Mitsubishi Inc. Raytheon will lead the construction works, while Wisconsin Central will operate and maintain the railroad. None None

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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