By John Lee.
Trade Arabia reports that Russia and Iran have signed a $2.5-billion deal on construction of a thermal power plant in southern Iran and electrification of a railway line.
The power station is to be built in Bandar Abbas, while the railway line connects the towns of Garmsar and Incheborun.
The countries also signed a roadmap on trade and industrial cooperation, and a memorandum of understanding between Russia’s Exiar and Iranian banks Parsian and Pasargad.
(Source: Trade Arabia)