MOSCOW, February 21 (RIA Novosti) - Russian Railways (RZD), a state-controlled monopoly, expects to close a deal on railway construction in Algeria in late March, the company's press service said on Thursday.
On Tuesday Algerian President Abdelaziz Bouteflika announced that RZD had won a tender to construct a railroad in the country.
Under the agreement, the state-controlled monopoly will rebuild and modernize 14 suburban stations, dismantle over 58.5 km (36 miles) of outdated railway tracks and lay 95 km (59 miles) of the new ones.
The project also envisages the construction of 34 auxiliary facilities, a 1.7-km (1 mile) tunnel and the Algerian Railways logistics control center.
