Russia to provide Iran with €2.5 billion infrastructure loan

Russia to provide Iran with €2.5 billion infrastructure loan ...
rt.com 07/06/2016 Economy

Keywords:#Iran, #Iranian, #Kremlin, #Ministry_of_Finance, #Moscow, #President, #Reuters, #Rt.com, #Russia, #Russian, #Tehran, #Turkmenistan, #Vladimir_Putin

Caren Firouz / Reuters

* * * Moscow is ready to loan Tehran up to €2.5 billion for infrastructure projects, said Russia's Deputy Finance Minister Sergey Storchak.
According to the minister, the allocation of the funds depends on contracts between Russian and Iranian companies. “Not all the risk can be calculated at the development stage. Building railways is one example. The area is mountainous, the costs may increase or decrease,” Storchak said.
The deputy minister adds that the Ministry of Finance expects Kremlin approval for the loan within two weeks.
In November, Russian President Vladimir Putin said Moscow is ready to provide up to $5 billion in state loans to Tehran to promote industrial cooperation. Another ‎€2 billion export loan will be granted to Iran by Russian state lender VEB.
Russia and Iran have selected 35 priority projects in energy, port facilities, and railway electrification, according to Putin.
Among these projects is a €1.2 billion contract with Russian Railways to electrify 495 kilometers of railway, linking north-central Iran to the northeastern border with Turkmenistan. The three-year project will also include building 32 stations and 95 tunnels, significantly improving Russian transit through Iran.
Technopromexport, a subsidiary of Russia's state corporation Rostec, signed an agreement to construct a power station in Iran. The plant's four generators will have a capacity of 350 megawatts.
--- ---
...

Read more from Source »

Related articles based on keyword density
IRAN NUCLEAR TALKS STUMBLE, EXTENDED UNTIL JULY ...
hosted.ap.org 24/11/2014 News
BY MATTHEW LEE AND GEORGE JAHN ASSOCIATED PRESS VIENNA (AP) -- Still facing significant differences between the U.S. and Iran, negotiators gave up on...View Details»

Caspian Sea deal benefits Russia, troubles Iran ...
dw.com 15/08/2018 News
The five countries bordering the landlocked Caspian Sea recently struck a deal to resolve their longstanding dispute over its ownership. Experts say t...View Details»

Russia’s Ace in the Hole: Iran ...
news.yahoo.com 08/04/2014 Politics
By Eli Lake Tensions between Russia and the West are hitting a new peak. And in this face-off, Moscow has an extraordinary piece of leverage: a super-...View Details»

Russia Builds Space Program With Saudi Arabia, Iran Amid Roscosmos' St...
ibtimes.com 17/06/2015 Science
By Thomas Barrabi @TBarrabi t.barrabi@ibtimes.com on June 16 2015 11:13 AM EDT *** Cosmonaut Oleg Kononenko of the Russian Federal Space Agency (Rosc...View Details»

Tehran, Moscow and Beijing united on a new multipolar international or...
atimes.com 14/09/2013 News
(Parseed) - (Asia Times Online) THE ROVING EYE China stitches up (SCO) Silk Rd By Pepe Escobar While the whole world was terrified by the pro...View Details»


EOF