Middle East Economic Survey

VOL. LII

No 46

16-Nov-2009

IRAN

IRGC Engineering Arm Wins $2.5Bn Railway Tender

Khatam-Al-Anbia, a main engineering and construction arm of Irans Islamic Revolutionary Guards Corps (IRGC), has won a $2.5bn tender to build a railway route linking the southeastern port of Chabahar to the Iranian rail network. Announcing the tender, Irans Minister of Transport Hamid Behbahani said that the railway route project will be carried out in three phases with the target of reaching...