Press TV- A Russian bank has agreed to provide 1 billion euros to electrify a 500 km railway route in northern Iran, state news agency IRNA has quoted a senior official as saying. Head of the Islamic Republic of Iran Railways for northern network, Yusef Gheranpasha, said the bank will finance the electrification of the line between the cities ...

Reuters - The World Bank has agreed to provide 1 billion euros ($1.18 billion) to electrify the rail network in Iran, the head of the country's regional railway authority said on Tuesday. "The World Bank has approved to provide 1 billion euros as finance for the electrification of the railway ... that starts in Garmsar in Semnan province and continues ...