Tehran – Mashhad electrification loan signed

A US$1·5bn loan agreement to finance electrification of the Tehran – Mashhad line was signed by China EximBank on July 25.

IRAN: A US$1·5bn loan agreement to finance electrification of the 926 km Tehran – Mashhad main line was signed by China EximBank on July 25. Iran’s Bank of Industry & Mine will act as the Iranian government’s guarantor.

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