Iran, Russia agree to boost railroad cooperation

Iranian Minister of Economic Affairs and Finance Massoud Karbasian and the Director General of the Russian Energy Agency Anatoly Tikhonov, agreed to enhance cooperation between the two sides in various projects, including the Garmsar-inche Boroun railroad.

“RZD International representatives as a part of the Russian delegation headed by Tikhonov paid a working visit to Tehran on May 9, 2018,” the RZD said in a press release on Thursday, reported Tasnim News Agency.

During the visit, the delegation negotiated with Karbasian, who is also the co-chairman of the Intergovernmental Russian-iranian Commission, and representatives of the Ministry of Roads and Urban Development of Iran.

The parties discussed a number of topical issues of bilateral cooperation, including the project for electrification of 495-km-long Garmsar-inche Boroun line, which the Iranian side had earlier proposed to the Russian colleagues for implementation, according to the press release.

The RZD International representatives briefed the minister about the completion of all formal procedures by the Russian side under the pre-contractual obligations of Garmsar-inche Boroun project.

During the meeting, Karbasian said that the official application for the acceptance of the contract worth €1.2 billion for financing was signed.