December 10, 2010 / 4:44 PM / 10 years ago

Tunisia gets 297 mln euro loans for rail project

A newly constructed and still tested Gautrain arrives at O.R. Tambo International Airport outside of Johannesburg April 20, 2010. REUTERS/Peter Andrews

TUNIS (Reuters) - Tunisia got 297 million euro loans from European investment Bank (EIB), French Development Agency and German Agency KFW to finance part of a rail network project.

The EIB provided a 177 million euro loan while the German agency lent 70 million euro for the rail scheme, the bank and KFW said.

The French agency also said it has awarded Tunisia a 50 million euro loan for the same project of which total cost is 1.8 billion euro.

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