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Dubai obtains $675m financing for Al Sufouh tramway project

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Dubai The Dubai Department of Finance announced Wednesday that it has completed dual currency financing of $675 million (Dh2.48 billion) to complete phase 1 of the construction of the Al Sufouh Tram project. Earlier this month, the Roads and Transport Authority (RTA) awarded a 13-year maintenance contract for the Al Sufouh tramway to a consortium comprising Alstom and Cofely Besix Facility Management (FM).

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