May 27, 2014

China to finance Tehran – Mashhad electrification

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IRANIAN Islamic Republic Railways (RAI) says it is seeking finance from China for the electrification of the 926km Tehran – Mashhad line.

RAI's electrification projects manager Mr Qassem Saketi told Iran's Fars News Agency that the project will be 85%-financed by Chinese financial institutions, with the remaining funds coming from the Iranian government.

Work began in February 2012 on a project to upgrade the route, which according to RAI will raise the maximum line speed from 160km/h to 200km/h and halve the current journey time to around six hours.

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