29 May 2024
Tuesday 10 April 2018 - 15:35
Story Code : 300308

Iran bids $3.7B for joint railway project with Russia

Sputnik - Iran proposed a project to electrify a 3,000-kilometer (1,860-mile) railway line that might cost up to 3 billion euros ($3.7 billion), the company's First Deputy CEO Alexander Misharin said Monday.

"Three thousand kilometers, a big project, we agreed to sit down at the negotiating table and discuss it. This is a big project, we need to fold the financing scheme, this is 2-3 billion euros. This sounded several times today," Misharin, who visited Tehran as part of the Russian delegation, told Sputnik.

The company already has a contract signed, Misharin noted.
"We reallysigned a contract forthe electrificationofthe Garmsar-Ince Burun line, and it includes, amongother things, access toother lines. Now we are considering what these will be: these will be the sections that are part ofthe North-South corridor, maybe this will be Tehran-Tabriz This is the next stage ofour discussion. Today the Iranian side proposed toexpand our cooperation, we are ready todiscuss it," he said.On Monday, a delegation ofRussian State Duma led bySpeaker Vyacheslav Volodin and comprising representatives ofstate companies and ministries held an official visit toIran. Within the framework ofthe visit, a meeting was held withthe Iranian leader Hassan Roukhani and Speaker ofIranian parliament Ali Larijani.

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