News
05 April 2017

Russia signs for €1.2bn Iran Railways electrification project

Region:
Middle East & Africa

Russian Railways' RZD International and the Islamic Republic of Iran Railways have agreed to upgrade the 495km Garmsar to Incheh Borun route. Governmental agreement is still needed for the  €1 billion 5-year Russian export loan at 2.77% annual interest.

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