A Russian bank has agreed to finance the project of electrifying the northern division of Iran railroad by granting a 1 billon euro loan to the country, Director General of Northern Iran Railroads Company, Yousef Geran-Pasha, said. “The project will soon start and takes three years to finish,” he explained.
Iran signed a contract with Russia for electrifying the 500-kilometer-long Garmsar-Incheh Boroun Railroad in northern Iran during a meeting between the Iranian President Hassan Rouhani and his Russian counterpart Vladimir Putin. Electrifying the railway will considerably reduce the air and sound pollution, as well as fuel consumption. The project will also triple the capacity of cargo transfer to 7.5 million tons a year.
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