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Belgian Rail Faces 1 Billion Euros Debt by Year-End, Tijd Says

Belgium’s state-owned railway company SNCB/NMBS faces 1 billion euros ($1.4 billion) in debt by the end of this year, De Tijd reported, without saying where it got the information.

Parent company NMBS Holding refused to guarantee SNCB/NMBS’s loans on May 13 after the rail unit suggested cutbacks, according to the newspaper.

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