Economy, Domestic Economy

Iran, Russia Sign Rail Contract

Iran, Russia Sign Rail ContractIran, Russia Sign Rail Contract

Iran and Russia have signed a contract worth €1.2 billion on electrifying the 450-kilometer-long Garmsar-Incheh Boroun Railroad in northern Iran, announced the general manager of Northern Iran Railroads Company on Sunday. Based on the preliminary agreement, the project will take three years to complete, Yousef Geran-Pasha added. Iran’s northern rail network starts from Garmsar Station in Semnan Province and passes through Mazanadaran Province to end at Gorgan Station, IRNA reported.