1:12 am - Saturday May 19, 2012

Morocco wins 300 mln euro loan for rail project

The African Development Bank (AfDB) has granted Morocco a 300 million euro loan to finance a rail project, the bank said on Tuesday.

The loan is the largest ever granted by the bank to Morocco and will help increase capacity of a railway line linking the cities of Tangier and Marrakesh, the AfDB said in a statement.

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