Tehran subway expansion to require over $470 million

Financial Tribune – The completion of lines 6 and 7 of Tehran’s subway network will cost 67 trillion rials ($478 million), CEO of Tehran Urban and Suburban Railway Company says.

In a talk with YJC, Ali Emam added that over the past year, the prices of all commodities have surged in Iran, which has affected Tehran Metro’s expansion plans.

“At least 30 trillion rials ($214 million) are needed for equipping Line 7 and the construction cost of Line 6 will amount to 7 trillion rials ($50 million). Another 30 trillion rials are needed for purchasing equipment for the line,” he said.

The development project relies heavily on imports since a large portion of the equipment needed are not manufactured in Iran.