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.
