September 04, 2019 18:30

NDFI Funds for Completing Chabahar Railroad Project

So far, 17,000 billion rials ($149.12 million) have been invested in the railroad connecting Chabahar to Zahedan near the border with Afghanistan and Pakistan. A total of 40,000 billion rials ($350.87 million) are needed to complete this project

Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei has authorized the government to withdraw funds needed to complete the railroad project connecting the southeastern port city of Chabahar to the eastern city of Zahedan, both in Sistan-Baluchestan Province, from the National Development Fund of Iran, the country’s sovereign wealth fund.
The announcement was made by Minister of Roads and Urban Development Mohammad Eslami, the news outlet of Iran Chamber of Commerce, Industries, Mines and Agriculture reported.
The 610-kilometer railroad project from Chabahar to Zahedan got off the ground in the fiscal 2010-11, only to come to a halt for three years due to lack of resources. The execution of the project resumed in the year ending March 2015, after a change of contractor.

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Iran Rail News