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Finance

01 Apr 1997

Europe: Eurotunnel announced on February 24 that the syndicate of 225 banks had approved a nine-month extension of the suspension of interest payments until December 14 this year.

Lithuania: The European Investment Bank is to lend Ecu22m to fund upgrading of the Sumskas - Klaipeda and Kaisiadorys - Kybartai lines.

New Zealand: GATX Capital Corp has structured and provided equity for a US$93m leveraged lease of 30 GM EMD locos and 579 high-capacity wagons for Tranz Rail.