India to co-op with Iran in construction of Chabahar-Zahedan railway
By Trend
Iran's Deputy Minister of Roads and Urban Development Abbas Khatibi announced that Iran has a MoU with India's state-owned IRCON, that is associated with LPG company in India, which is active in the development of infrastructure and operations of the Shahid Beheshti port of Chabahar city in Iran.
"Since the start of the Chabahar-Zahedan Railway project, Iran has been looking to attract funds from various sources in addition to the state budget. The progress of the project was due to having financial resources, otherwise it would be impossible to do this volume of work,"Khatibi told Trend.
"We knew that the budget resources for the implementation of this plan were not enough, and other methods should be used to access more resources. So, last year we had talks with India's state-owned IRCON company that led to the signing of a MoU in late February last year, regarding the company's investment in the construction of a part of the Chabahar-Zahedan railway," he said.