China's EXIM inks $1.5B deal for high-speed rail in Iran
Import Bank of China (EXIM) signs a $1.5 billion deal to finance the electrification of a high-speed rail line between the Iranian cities of Tehran and Mashhad. EXIM's Vice President Sun Ping and CEO of the Bank of Industry and Mine Ali Ashraf Afkhami signed the documents in Tehran on Tuesday after "16 months of intensive talks", the Iranian official said. China's CMC has undertaken to electrify the 926-km line between Tehran to Mashhad. The Iranian bank is about to provide government guarantees for the Chinese investment. Afkhami described ...
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