The Board Chairman of Egyptian National Railways (ENR) has received an official loan authorization from the Hungarian ambassador to Egypt, Railway News reports. This is the final step in the approval process for the $1.13 billion financing for the purchase of 1,300 new railcars.

For more information, please seehttps://www.ecofinagency.com/public-management/2704-41295-egypt-raises-1-13bln-to-acquire-1-300-railcars