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During the plenary session, the Egyptian House of Representatives discussed and approved the Transport Committee's report concerning the financing agreement for the second and third phases of the high-speed train network. They emphasized the importance of borrowing to achieve economic growth. The Minister of Transport clarified that 72% of the first phase of the project has been completed, with over 70% of the project components domestically produced. He also stated that the loans carry a low interest rate of 5.8%. The minister affirmed the ministry's ability to meet its financial obligations, claiming that revenues from the projects and surpluses from the ports support this.
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