The state-owned Phosphate Misr said it would foot the potential USD 350 mn bill to revive the 700 km Abu Tartur-Safaga railway line, Al Mal reports. The company would be granted certain concessions if it decides to fund the renovations, according to Transport Ministry aide Amr Shaat, who did not get into details. The Ismail cabinet had met last week to discuss different options for the line, which is capable of transporting up to 2.5 mn tonnes of phosphate a year.

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