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Islamic Development Bank to finance Turkish locomotive project

Posted on 22 December 2010

From Worldbulletin.net: Turkey’s state railway company TCDD signed on Monday a contract with South Korean railway systems provider Hyundai Rotem to buy 80 electric locomotives and a simulator for $312.7 million.
TCDD Director-General Suleyman Karaman told a signing ceremony that $220 million of the financing for the project would be provided by the Islamic Development Bank (IDB)……………………………………….Full Article: Source

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