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Turkey gets $408m loan from AIIB for rail expansion
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Turkey gets $408m loan from AIIB for rail expansion
Turkey has secured $408 million from Beijing’s Asian Infrastructure Investment Bank to expand its railway network. The funds will also be used to modernise existing lines and purchase high-capacity inspection and maintenance machinery, state-owned Anadolu news agency reported. The deal brings the total external financing Turkey has secured for project investments this year to $15 billion. Foreign funding for transportation projects, particularly…
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