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Chavez approves US$39mn for Caracas metro (Venezuela)
Venezuela's President Hugo Chavez has approved additional funding of 273mn bolivares (US$39.2mn) for repairs and improvements to the metro system in capital city Caracas.


The majority of the funds will be used for a complete upgrade of the system's line 1, state news agency AVN reported.


Funds will also be used for fixing train engines and replacing escalators. A portion of the money will be set aside to for future repairs and purchasing replacement parts.


The subway system is set to receive new trains in December, which will be incorporated into the system in January as part of the line 1 upgrade.


The Caracas metro transports 480mn passengers each year. For 2010, that figure is expected to reach 510mn, according to transport and communications minister Francisco Garces.

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