Garmsar-Incheh Borun Railroad Electrification Awaits Funds
Garmsar-Incheh Borun Railroad Electrification Awaits Funds
Monday, April 30, 2018

Garmsar-Incheh Borun Railroad Electrification Awaits Funds

Monday, April 30, 2018

Garmsar-Incheh Borun Railroad Electrification Awaits Funds

The project to electrify the 430-kilometer-long Garmsar-Sari-Gorgan-Incheh Borun Railroad will kick off in the current Iranian year (started March 21), the deputy head of the Islamic Republic of Iran Railways for planning and investment said.
“The project is awaiting the opening of the letter of credit worth $1.2 billion by Russia,” Nourollah Beiranvand was also quoted as saying by the news portal of the Ministry of Roads and Urban Development.
The contract for the project was signed by the two sides in 2015. 
“As per the agreement, the electric locomotives will be manufactured in Iran and in cooperation with Iranian firms,” Mohsen Pourseyyed-Aqaei, former managing director of IRIR, said at the time.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/fWRvc6
  1. https://goo.gl/bJkeXm
  • https://goo.gl/bZM45f
  • https://goo.gl/jTAMYm
  • https://goo.gl/doBZJm
  • https://goo.gl/hjQXzH

You can also read ...

Support for  Forex Measures
The head of Competition Council welcomed efforts made by the...
The looming crisis in the emerging markets, set off by the run on the Turkish lira, has had a more direct impact on the Iranian rial than anything the US has claimed.
Since the beginning of the fiscal 2018-19, the Iranian rial...
Yu Chang Hwang (L) and Mohammad Reza Bakhtiari
South Korea’s new ambassador to Iran, Yu Chang Hwang, said...
CBI: Currency Inflow Growing Steadily
Governor of the Central Bank of Iran said on Saturday that...
UK Firm: Progress Made With Iran Airport Contract
UK-based security solutions supplier Westminster Group said it...
Without Waivers, US Sanctions on Iran Will Cripple Iraq
Iraqi officials, struggling to form a new government months...
Uber in Talks to Buy Food-Delivery Company
Uber Technologies Inc. is in early talks to buy food-delivery...
Aston Martin Aims to Steer  Around Brexit to $6.7b IPO
Luxury British carmaker maker Aston Martin is seeking a price...

Add new comment