The Transport Ministry is in talks with the World Bank and the European Bank for Reconstruction and Development for a USD 150-160 mn facilitated loan to finance the Mansoura-Damietta freight line, Minister Hisham Arafat told the press on Sunday, Al Mal reports. The negotiations will likely wrap up within five months’ time, Arafat said. The 150 km line is expected to take around three years to construct, according to an unnamed source from the Egyptian National Railway.

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