Archive | Construction

Iran, Russia to jointly build 2 Nuclear Power Plants

By John Lee. Xinhua reports that Iran will start construction of two nuclear power plants in cooperation with Russian experts, The Iranian Energy Minister, Hamid Chitchian (pictured), is quoted as saying: “The contract has been signed between the Atomic Energy Organization of Iran (AEOI) and Russia, and includes building two 1,000-megawatt nuclear power plants, the construction […]

President Inaugurates Development Projects North of Iran

Iranian President Hassan Rouhani inaugurated 43 new projects in the country’s northern province of Mazandaran on Tuesday. Tens of projects in Mazandaran came into service and a number of others began to be implemented on the president’s order via a video conference. Most of the projects have been unveiled in or around the port city […]

IRGC Construction Base to Finish 10 “Mega-Projects”

Commander of Khatam al-Anbia Construction Base, a conglomerate belonging to the Islamic Revolution Guards Corps (IRGC), said it is going to complete ten major projects in the new Iranian year, which began on March 21. The ten mega-projects are of great significance from a national viewpoint, General Ebadollah Abdollahi said in a meeting with the […]

RZD International signs €1.2bn Iran Electrification Deal

RZD International and Islamic Republic of Iran Railways signed the contract for the Garmsar–Inche Bouroun Railway Line Electrification. In the framework of the visit of the President of the Islamic Republic of Iran Hassan Rouhani  to Moscow “RZD International” LLC and JSC “Islamic Republic of Iran Railways” signed the Contract for electrification of the Garmsar – […]

Chinese firms help to update Tehran Metro

By John Lee. According to Tehran Times, the Chinese military-affiliated Norinco International won a 93 million euro ($100 million) contract to manufacture 70 subway cars for the Tehran Metro. The cars will be sold to Tehran Wagon Manufacturing Co., a joint venture formed between Norinco, with a 29% stake, together with Tehran’s official subway operator, […]

Tender for Karun II Dam and Power Station

Iran Water and Power Resources Development Company (IWPCO) has invited tenders for the Karun II Dam and Power Plant project in Khuzestan province. The project is being offered through a Public-Private Partnership (PPP) on Build, Operate and Transfer (BOT) basis. The Karun I and Karun III dams are located downstream and upstream of Karun II, […]

Construction Begins on Bushehr-2 Nuclear Power Plant

March 14, 2017 saw the start of works at the Bushehr-2 Nuclear Power Plant. The ceremony was attended by representatives of the Principal – Nuclear Power Production & Development Co. of Iran (NPPD), namely: Mr. Jafari, Bushehr NPP Project Manager, Mr. H. Ghaffari, BNPP Operating Co. Managing Director, Mr. A.R. Moradian, OCE Co. Managing Director […]

$3bn needed for Airport Development

By John Lee. The Iranian government is reportedly seeking private investors to fund a $3-billion expansion of the airports at Mehrabad, Imam Khomeini, Tabriz, Mashhad, Isfahan, Kerman and Shiraz. Trade Arabia reports that Iran has already gathered around $2.35 billion in foreign investments through memorandums of understanding, and secured $650 million in firm contracts. Among […]

$1bn Deal to Develop Iranian Zinc Mine

By John Lee. The state-run Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO) has signed a deal with a consortium of six private companies to develop Mehdiabad, one of the world’s largest zinc mines. The group is led by the Mobin mining company, and the deal will involve “mine operation and construction of […]

Govt to buy 2Mt of Cement from Local Producers

By John Lee. Iran’s Ministry of Roads and Urban Development has reportedly agreed to purchase 2Mt of cement from local producers. According to Global Cement, Iran’s Bank Maskan (Housing Bank) will finance the road building plan and the cement producers will receive the money in cash. Abdolreza Sheikhan, secretary of Iran’s Cement Industry Employers Association, […]