Russian €1.2bn Contract for Iranian Rail Electrification

Russian news agency TASS reports that the cost of the electrification of the 495-km railway section between Garmsar and Ince Burun is estimated at €1.2 billion.

The project will be financed by the state export credit agency of the Russian government, and carried out by Russian Railways subsidiary RZD International.

During talks held in January 2014 in Tehran, the heads of the Russia and Iranian railways proposed that the Russian Railways consider more infrastructure projects in Iran.

(Source: TASS, Think Railways)

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