Iran signs railway deal with Turkish firm

China has signed a $13 billion contract to build a railway network in Iran, Iran's state infrastructure company said on its website.

Iran signs railway deal with Turkish firm

China has signed a $13 billion contract to build a railway network in Iran, Iran's state infrastructure company said on its website.

"The contract to build a railway network extending 5,300 km (3,300 miles) was signed when a Chinese delegation visited Tehran," the Construction and Development of Transportation Infrastructure Company said in a posting dated Monday.

It did not say when the contract was signed or when work would start.

China, the second biggest buyer of Iranian oil, after Japan, has long been involved in infrastructure projects in Iran, such as the building of Tehran's metro.

Direct trade between the two countries is worth $30 billion, the head of the Iran-China Joint Chamber of Commerce, said on its website. In addition to that is $7 billion of indirect trade via the United Arab Emirates, it said.

The Iranian infrastructure company also said memoranda of understanding had been signed with Turkish and Russian companies for road and rail projects but gave no details.

Reuters

Last Mod: 09 Şubat 2011, 13:50
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