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Egyptian National Railways Authority (ENR) plans to develop about 1,000 level crossing, at a total cost exceeding two billion Egyptian pounds ($113.2 million), within the next period, an official source in ENR said Wednesday.
A number of international financial institutions are set to lend the authority a loan in order to execute the railway level crossing, the source told Amwal Al Ghad.
“The authority (Egyptian National Railways) seeks to double its revenues within the upcoming period,” he further added.
