Madrid signs train loan
The Transport Ministry has announced the signing of a Eur 102 million ($120 million) loan from the Spanish government for the purchase of 17 trains to relieve pressure on the public transport system. Spain's Construcciones y Auxiliar de Ferrocarriles (CAF)is in line to provide the rolling stock by the end of 2006, although a contract has yet to be signed. 'There has been a provisional statement saying CAF has won the contract,' says a company spokesperson. 'But there has been ...
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