Iran offers Russia €3 billion of rail electrification projects

Tehran - The projects include electrifying 3,000 kilometers of lines in Iran which is on an ambitious railway expansion and modernization drive.

Tehran - Iran has proposed railway electrification projects worth 3 billion euros to Russia, state company Russian Railways First Vice-President Alexander Misharin has said. The projects include electrifying 3,000 kilometers of lines in Iran which is on an ambitious railway expansion and modernization drive. PressTV-China’s Silk Road fires up Iran’s rail revolution A Wednesday report said Sinomach had signed a contract worth 5.35 billion yuan to build a train line in western Iran.
“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,” Misharin told Russia’s Sputnik news agency in Tehran Monday.
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