“In addition to current ties, the Russians are interested in investing on Iranian projects,” said Abbas Akhoundi, Iran's Minister of Roads and Urban Development on the sidelines of his meeting with visiting Russian Energy Minister Alexander Valentinovich Novak in Tehran on Thursday.
The Iranian minister added that following the willingness voiced by the Russians, 121 projects were introduced to the Russian companies whose representatives accompanied Novak. “The projects are in areas of transportation infrastructures, railroads, and marine transportation with the total value of 25 billion euros,” the Iranian official noted.
Akhoundi affirmed that to inaugurate bilateral cooperation in transportation, the project to electrify Garmsar-Incheboroun railway, with 1.2 billion dollars credit, will be handed to the Russians.
He expressed hope that the completion of the project will open a new chapter in Tehran-Moscow relations.
The Russian Energy Minister Alexander Novak, for his part, called the meeting with Akhoundi very constructive and serious and added that the details of the projects will be scrutinized very soon.
He also recounted that the Russian companies have scheduled to cooperate with Iranian partners in marine and terrain transportation, in addition to providing road construction machinery.
YNG/IRN81809445
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