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Updated Monday, November 23, 2009 9:55 am TWN, AP

Deutsche Bahn signs Qatar railroad deal for US$26 bil.

DOHA, Qatar -- An investment company owned by Qatar's sovereign wealth fund has signed a US$26 billion (euro17 billion) joint venture with Germany's national railway operator to build a railroad network in the natural gas-rich Gulf sheikdom.

Qatari Diar Real Estate Investment Company and Deutsche Bahn AG will develop a metro system in Qatar's capital, a national railroad network for passenger and freight traffic, and a long-distance connection to neighboring Bahrain.

The project will take about 15 years to complete.

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