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AfDB Approves €747.32 Million Loan for First Phase of Algeria's Strategic Trans-Saharan Railway Expansion
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AfDB Approves €747.32 Million Loan for First Phase of Algeria's Strategic Trans-Saharan Railway Expansion
Algiers, Algeria — The African Development Bank (AfDB) Group has officially approved a substantial loan of €747.32 million to finance the initial phase of Algeria’s ambitious railway expansion project. The funding is specifically earmarked for the construction of the vital 495-kilometer Laghouat–Ghardaïa–El Menéa railway line, a crucial segment that forms the beginning of the planned Trans-Saharan Railway corridor linking the country’s north to …
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