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Railway Authority losses estimated at LE3 bn

The total losses of the National Railway Authority in 2014-2015 are estimated at LE3 billion.
 
The authority’s designated budget is LE17.3 billion. 
 
Expenses and costs reached LE7.4 billion, of which LE2.9 billion are for wages, while revenues did not exceed LE4 billion.
 
 
Edited translation from Al-Masry Al-Youm

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