Emirates NBD Loans $1bn for Blue Line Metro Project

Dubai Metro Blue Line: $5.6 billion mega infrastructure project secures funding from Emirates NBD

Scheduled for completion by September 2029, it will serve approximately 350,000 daily passengers by 2040 Emirates NBD has finalized AED3.9 billion (around $1.1 billion) in Syndicated Bonding Facilities for a consortium formed by MAPA, LIMAK, and CRRC, which will deliver the new Dubai Metro ‘Blue Line’ Project. The Dubai Road and Transport Authority (RTA) awarded the design and build project for the Dubai Metro Blue Line to this consortium. Emira…

Emirates NBD loans $1bn for Blue Line metro project

A consortium of Turkish and Chinese companies has secured financing to develop the AED20.5 billion ($5.6 billion) Dubai Metro Blue Line project. The group, comprising Turkey’s Mapa Group and Limak, along with China’s state-owned CRRC, raised AED3.9 billion ($1.1 billion) through a syndicated loan from Dubai-listed Emirates NBD, the state-run Wam news agency reported. The project qualifies for green financing under Emirates NBD’s sustainable fina…

Parsons secures project management contract for Dubai metro Blue line

Dubai’s Roads and Transport Authority (RTA) has awarded infrastructure engineering firm Parsons a five-year project management role on Dubai’s new Blue metro line.

Emirates NBD Concludes AED 3.9B Blue Line Financing

Emirates NBD, a banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has announced the conclusion of AED 3.9 billion in syndicated bonding facilities. The financing was extended to a consortium formed by MAPA, LIMAK, and CRRC to support the new Dubai Metro Blue Line project. The Roads and Transport Authority (RTA) had earlier awarded the design and build contract for the Blue Line to the consortium. Emirates NBD engaged cl…