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In Iberian Railways, 3 to 5 players compete to build railways to connect the many important cities in Spain and Portugal. Each player starts the game with no money. The railways must be financed by taking loans from the Bank of Madrid. The players need to plan their routes carefully to generate the most income. Players can also invest in local businesses that will pay out handsome bonuses once the railway reaches their locations. The player who best manages their railways will be victorious.