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Finance February 2007

01 Feb 2007

Africa: The Northern Corridor Transit Transport Co-ordination Authority based in Mombasa is to receive US$3m from the African Development Bank and World Bank to prepare an infrastructure master plan for trade and transport in east Africa. A further US$1·5m has been budgeted to establish a Central Corridor agency to manage the Dares- Salaam – Great Lakes corridor.

Bulgaria: The Transport Ministry has put forward plans for BDZ and National Railway Infrastructure Co to sell off 30 surplus areas of land in 2007, raising around 100m leva.

Croatia: On December 19 Eurofima signed a €10m loan agreement with HZ to fund the modernisation of 11 carriages.

Iran: The government has approved a US$1·3bn investment programme for the Tehran metro, including the development of the proposed Line 6 between Haft-e Tir Square and Chamran Highway, and Line 7 between Saadatabad and Navab Highway.

Turkey: On December 14 EIB announced a €850 loan for TCDD to fund work on the Ankara – Istanbul fast line project (p72).

Vietnam: Following the agreement of a US$60m loan with Asian Development Bank, upgrading of the 285 km route between Yen Vien and the Chinese border at Lao Cai is to be undertaken at a cost of US$160m. Agence Française de Développement is lending a further €32m.