TEHRAN: Iranian President, Hassan Rouhani, said during a visit to the city of Qom that Iran planned to launch €2.4 billion high-speed railway project, extending about 400 kilometers from Tehran to Isfahan.
Trains running on the Tehran-Isfahan railway can reach speeds of about 350 kilometers per hour.
The project will save an estimated 550 billion rials (about $20 million) annually in fuel consumption.
Iran’s Bank of Industry and Mine will provide $1.8 billion of the total finance through China Export and Credit Insurance Corporation (SINOSURE). China Railway Engineering Corporation (CREC) will implement the project in cooperation with Iran’s Khatam al-Anbia Construction Headquarters.
