Iran offers Russia €3bn Rail Electrification Projects

By John Lee.

Iran has reportedly proposed rail electrification projects worth 3 billion euros to Russia.

Alexander Misharin (pictured), Russian Railways First Vice-President, has said the projects include electrifying 3,000 kilometers of rail lines.

He told Russia’s Sputnik news agency:

“Three-thousand kilometers, a big project. We agreed to sit down at the negotiating table and discuss it. This is a big project, we need to fold the financing scheme; this is 2-3 billion euros. This sounded several times today.”


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