Tag Archives | Vnesheconombank (VEB)

Russia lends €1.2bn for Iranian Power Plant

By John Lee. Russia’s state-owned Vnesheconombank (VEB) has reportedly agreed to lend Iran’s Bank of Industry and Mines €1.2-billion over five years for the development of the  1,400-MW Hormozgan thermal power plant. According to PressTV, Russian President Vladimir Putin said in February that Moscow would grant a total of €2.2 billion to Iran for two […]

Iran to Import Used Train Cars from Europe

Iran’s Raja Rail Transportation Company plans to import second-hand train cars from Europe to renovate its aging fleet, the company’s managing director said. Speaking to the Tasnim News Agency, Hassan Mousavinejad unveiled plans for the import of second-hand cars that are between 15 and 20 years old. Those cars will replace some 300 ones that […]

Russia to Supply 5,000 Freight Cars to Iran

By John Lee. Russia’s Uralvagonzavod will supply Iran with 5,000 rail freight cars, with deliveries expected to begin before the end of this year. According to Kommersant, Russia’s state development bank Vnesheconombank (VEB) will provide a loan of $140 million to the company to cover costs. The cars will be developed for use by Iranian […]