Ministry of Roads and Urban Development (MRUD) expressed that the Indian state-owned company, IRCON will invest in Chabahar-Zahedan railway project.
TEHRAN UIC RAME: The Indian state-owned company, IRCON has invested in the Chabahar-Zahedan railway project, after signing a Memorandum of Understanding (MoU) with the Iranian government. The first MoU signed between both parties was in February 2017, before it was renewed in August 2018. The railway project's total cost is approximately USD 1.50 bn (EUR 1.30 bn); of which only a quarter of it were funded by taxpayer money, while the remaining fund were collected from external sources.
Correspondent: Fahimeh Rahbari