Baku, Azerbaijan, July 31
By Khalid Kazimov – Trend:
Russia has allocated $5 million for developing Iran’s infrastructure, an Iranian official said elaborating on Moscow's contribution to the development of the Islamic Republic's railway system.
Speaking about railway cooperation between the two countries Abbas Nazari, the head of international affairs department at the Railways of the Islamic Republic of Iran, said that about 1.2 billion euro out of the total amount will go for the electrification of Gorgan-Incheburun railway segment in northern Iran, Mehr news agency reported.
Russia and Iran back in 2015 agreed on a 1.2 billion euro deal to electrify the train line connecting north-central Iran to the northeastern border with Turkmenistan.
According to media reports, the deal envisaged constructing power stations and overhead power lines along the Garmsar-Sari-Gorgan-Inche Burun route in Iran.
Russian President Vladimir Putin expressed Moscow’s readiness to provide a $5 billion state loan to Tehran to promote industrial cooperation in November 2015.