Russian Railways has signed a contract and is preparing for the electrification of the Garsar-Ince Burun railway line with the supply of track equipment and 40 locomotives.
The project is estimated at 1.2 billion euros ($1.41 billion). It will be financed from the Russian government's state export credit to the government of Iran. The work is scheduled to begin in July 2018.
SPUTNIK/MNA