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Chinese finance for Shiraz-Bushehr railways

Chinese finance for Shiraz-Bushehr railways
ID : N-1426 Date : 2018/03/08 - 12:22

(Persia Digest) – At the signing ceremony for a cooperation agreement between Iran and China to build the provincial capitals of Shiraz (Fars Province) to Bushehr (Bushehr Province) railway line, the Iranian Minister of Roads and Urban Development announced: “In addition to connecting Shiraz to Bushehr, our other rail projects include a line from Shiraz to Gol-Gohar (Kerman Province), from Kerman to Bandar Abbas (Hormozgan Province), and from Kerman to Chahbahar (Sistan & Baluchistan Province). On completion, a heavy road traffic load can be transferred on to the railway lines.”

Abbas Akhundi added: “The Shiraz-Bushehr line will also connect Negin Port in Bushehr Province to the railway network.”

He continued: “The project will help promote transit, reduce road fatalities, reduce fuel consumption, improve safety, and protect the environment.”

Akhundi stated that the Shiraz-Bushehr rail project will be implemented by a private domestic company jointly with a Chinese company. The Chinese government will be financing the project.

According to Akhundi: “The most important issue in financing projects is providing Iran's 15% share. I am happy to say that the Shiraz-Bushehr project has been covered by the National Development Fund of Iran in the 2018 (1397 HS) budget.

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