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$53 million loan from Arab fund to Egypt
Egypt, Economics, 3/15/2000
The Arab Fund for Development decided to present a loan of $53 million to Egypt for developing projects for railway stations and trains which aims at completing the plan of the Egyptian Transportation Ministry concerning developing the railway stations organization which includes turning the regular class cars into first-class ones.
The Egyptian government has already developed 22 trains while rest of the plan will be carried out by the end of the current year.
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