$4b Needed to Complete Sistan Rail Project
Economy, Business And Markets

$4b Needed to Complete Sistan Rail Project

Minister of Roads and Urban Development Abbas Akhoundi said the government needs $4 billion to complete an under-construction railroad project in the southeastern Sistan-Baluchestan Province.
It is a “big and costly” project that “starts in Chabahar and extends to Zahedan, Zabol and Birjand”, he was quoted as saying by Roads Ministry’s news portal.
“It [the railroad] will help activate the International North-South Transport Corridor,” he added.
INSTC is an international corridor from India to Europe, passing through Iran, Azerbaijan and Russia. Iran signed an agreement with India in 2016 for the railroad’s construction.
India’s state-owned IRCON agreed to establish the 500-km rail line from Chabahar to Zahedan at a cost of $1.6 billion.

Short URL : https://goo.gl/KPrm7t
  1. https://goo.gl/vPHzSm
  • https://goo.gl/LBSFcf
  • https://goo.gl/iKp7eP
  • https://goo.gl/QH85VQ
  • https://goo.gl/nKaMUw

You can also read ...

Automotive Giants Hit  by Massive Data Breach
Security researcher UpGuard Cyber Risk disclosed Friday that...
Travel Currency Policy Facing Revision
Confirming rumors of an imminent change in the Central Bank of...
Mindful of the risks inherent in starting a trade war with the US, the EU will probably not be able to provide Tehran with extensive support.
If it wants to keep the nuclear deal alive, the EU will need...
Iranian Parliament Firm on Preventing FATF Blacklisting
Majlis Economic Commission, a major force in Iran's Parliament...
Secondary Forex Market Rates to Soar
The supply of currency to the Secondary Forex Market will...
Command Economy Taking Biggest Toll on Stocks
Bulls at Tehran stock market are exhausted, as bears keep...
21% Rise in Non-Oil Trade With Afghanistan
Iran traded 1.58 million tons of non-oil commodities worth $...
No Reverting to Economic Policies of 1980s
One of the wonders in this day and age, in Iran, is the...

Add new comment

Read our comment policy before posting your viewpoints