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.

By Fars News Agency


The Iran Project is not responsible for the content of quoted articles.