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Urban rail news in brief - July 2009
By Railway Gazette International2009-07-18T05:00:00
The state-owned Development Bank of the Philippines and Land Bank of the Philippines have bought a 75% stake in Manila MRT3 operator Metro Rail Transit Corp from private investors in a deal reported to be worth around US$800m. The remaining 25% is owned by privatesector banks. Lack of demand caused ...
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