FINANCING OF THE PROJECT FOR ELECTRIFICATION OF TEHRAN-MASHHAD RAILWAY PROJECT APPROVED

Implementation of the plan for electrification of Tehran-Mashhad railway project through foreign financial facilities (financing) was approved.

Implementation of the plan for electrification of Tehran-Mashhad railway project through foreign financial facilities (financing) was approved.

Recently, the contract for electrification of Tehran-Mashhad railway was signed between the Railway Company of the Islamic Republic of Iran and an Iranian-Chinese consortium comprising Mapna, Mapna Rail Construction and Development, Mapna International, CMC and SU Power companies.

The Iranian-Chinese consortium has been assigned the task of renovating the existing structure for handling speeds exceeding 200km/h, constructing electrified railway network for speeds exceeding 250km/h, repair and maintenance of 70 locomotives as well as maintenance and repair of machineries and overhead network plus the entire project for five years.

This EPC contract shall be financed by the Chinese companies.

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