The National Railways Authority (NRA) is finalizing procedures to receive a USD 114.98 mn loan from Korea’s Economic Development Cooperation Fund to automate the signaling system for the 118 km Naga Hamady-Luxor rail line, NRA head Ashraf Raslan tells Youm7. Raslan did not specify when the loan will be disbursed. The authority hired a Korea-based technical consultant to design and study the project.

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