Tuesday, 3 July 2018

Railway project in Iran to cost Russia €1.2b

 Railway project in Iran to cost Russia €1.2b 


TEHRAN-The €1.2-billion undertaking for jolt of Garmsar– Incheboron railroad in Iran was formally introduced on Monday, IRIB detailed.

As announced, senior authorities from Iran's Transportation Ministry, the Islamic Republic of Iran Railways (known as RAI), and JSC Russian Railways went to the introduction service which was held through video gathering in Tehran.

The zap of the 495-kilometer railroad which joins Garmsar in the north-focal territory of Semnan to Incheboron in the northeastern area of Golestan, will be financed by Russia.

A notice of comprehension (MOU) for collaboration in this task was marked in December 2016 in Tehran amid the thirteenth session of the Russian-Iranian Intergovernmental Commission on Trade and Economic Cooperation co-led by Iranian Communications and Information Technology Minister Mahmoud Vaezi and Russian Energy Minister Alexander Novak.

In view of the MOU, the task will be worked through participation of Russian and Iranian organizations. It incorporates providing armada and repairing and overhauling whole foundations, for example, tracks, stations, and flagging frameworks along the course.

Iran Yearly puts $1b in Railroad Industry

Talking in the introduction service, Saied Mohammadzadeh, the overseeing chief of RAI, noticed that Iran is every year contributing $1 billion to build up the nation's railroad industry.

As per the official, one of the fundamental objectives of activities like Garmsar– Incheboron is exchanging innovation and learning of electric trains to Iran.

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