Conclusion of Brazil subway line depends of loan approval

June 4, 2016 8:35 PM

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RIO DE JANEIRO – Brazilian officials say the conclusion of a new subway line crucial for the transportation of visitors to the upcoming Olympic Games in Rio de Janeiro depends on the federal government's approval of a $390 million loan.

Rio's Transportation Department said Saturday in a statement that the National Development Bank has agreed to extend the loan but the Finance Ministry must still approve it.

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