Algeria, Dec. 12 -- The Board of Directors of the African Development Bank Group has approved a €747.32 million loan to finance the first phase of the 495 km Laghouat-Ghardaia-El Menea railway line project.The new railway line is among the country's priority initiatives, a strategic infrastructure project that is expected to stimulate economic development in southern Algeria and support regional integration by expanding passenger and freight transport, cutting logistics costs, and easing the movement of agricultural and industrial products to markets.The first phase of the project includes the construction of priority sections of the line and the installation of modern railway equipment. The project also provides for the development o...