TEHRAN, July 27 (MNA) – The managing director of Islamic Republic of Iran Railway Company here on Sunday announced that the company has earmarked one trillion rials (some $108.4 million) for Qazvin-Rasht-Anzali-Astara railroad.

Talking to MNA, Hassan Ziari said that half of the sum has been provided by the annual budget and the remaining half from fuel savings reserves.

 

The construction of the railroad is a joint venture among Iran, Russia, and Azerbaijan.

 

NK/MRK

END

MNA

News Code 29127

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