It had been hoped the proposals could be announced alongside next week's budget, but the announcement might have to be delayed until financing is agreed.
He explained the plan like this: Enhancements could be delayed until 2004, financing could be spread out over 30 years, and, with employees sharing some of the burden, the enhancements would probably cost the county less than $2 million a year.
CAIRO, Dec 11 (Reuters) - A vital $4.8 billion International Monetary Fund loan to Egypt will be delayed until next month, its finance minister said on Tuesday, intensifying the political crisis gripping the Arab world's most populous nation.
It should, therefore, be regarded as a temporary measure for these exceptional times, but given the other very tough decisions being taken, its removal must be delayed until the public finances are back in decent shape.
However, a planned extension of the line to Cuiaba may be delayed, because the devaluation has made finance harder to raise.A bigger obstacle for the farmers is the shortage of credit.
"Any hotel that is not under construction now, or does not have financing in place, will be delayed at least 12 to 18 months," Mr. Burwell said.
The Board knew, because it was a matter of public record, that TWA had been delayed in financing its jet fleet and the Board's opinion was that TWA had probably suffered because more attractive financing terms were no longer available and because the unavailability of equipment may have contributed to the company's failure to maintain its normal share of the transportation market.
However, the latest incarnation of the project – starring Adam Driver, Michael Palin and Olga Kurylenko – has also been delayed after finance failed to come together at the 11th hour.
Final agreement on the bailout, however, was delayed as finance ministers waited to see if a related restructuring of Greek debts to private investors succeeded and if Athens fulfilled all the conditions it had agreed to.
