China and Germany will take part in a project of electrifying the railway line linking Tehran to Mashhad, the Iranian deputy minister of transportation, Saeed Mohammadzadeh, said. China has agreed to provide USD 2 billion in loans for the project and talks are underway with the Chinese side regarding the issue, he addded. The Chinese funding for the project could be received in May.
Saeed Mohammadzadeh also said that the technical issues regarding the contract with Siemens for electric locomotives have been finalized between the Iranian and German sides.
The electrification project is planned to be implemented in less than four years. The project is headed by a consortium led by MAPNA Group.
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