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Wed 25 Feb 2015 12:22 PM

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Abu Dhabi, Russia in talks to develop $200m Cuban transport project

Project will serve as a hub for Latin America, include links from the seaport and a railway to the airport

Abu Dhabi, Russia in talks to develop $200m Cuban transport project
Russian trade and industry minister Denis Manturov. (Getty Images)

Abu Dhabi and Russia are in discussions over a possible investment in a $200 million air, rail and port project planned for Cuba, according to reports.

In an interview with The National, Russian trade and industry minister Denis Manturov said there have been talks with Abu Dhabi’s investment and development company Mubadala over a possible investment in the $200 million project which includes building a major airport as well as redeveloping a port and building a railway line.

“We are deeply involved in these negotiations. Cuba is developing a transport hub from the seaport and a railway to the airport,” Manturov was quoted as saying.

“They have only one international airport and they are planning to use one of the ex-military bases to build a big airport hub for Latin America.”

A spokesperson for Mubadala said it “is regularly reviewing a number of different investment opportunities with its Russian partners”.

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