china to finance railway project in western iran
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

China to finance railway project in western Iran

Arab Today, arab today

Arab Today, arab today China to finance railway project in western Iran

China to finance railway project in western Iran
Tehran - FNA

Iranian Deputy Minister of Roads and Urban Development Ali Nourzad said that a contract has been concluded between the ministry and a Chinese company to provide enough funds for the completion of a railway project in Western Iran.
Nourzad said on Sunday that Tehran-Hamedan-Sanandaj 410-kilometer-long railway in Western part of the country in scheduled to be financed by the Chinese company.
He further added that the contract was signed during a recent visit to Iran by a Chinese delegation.
Trade between Iran and China in the past year was estimated at $45bln.
Iran is currently China's third largest supplier of crude, providing Beijing with roughly 12 percent of its total annual oil consumption.

 

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