High Speed Rail Project
President Hassan Rouhani on the
first leg of his trip to Qom Province issued instructions for the launching
of construction operations of Tehran-Qom-Isfahan high speed rail project.
The fund for
the project has been provided by the Bank of Industry and Mine through China
Export and Credit Insurance Corporation (Sinosure) and the China Railways
Engineering Corporation (CREC) will implement the project with the
cooperation of Khatam-ul Anbia Headquarters as the domestic contractor.
Out of the
total cost ($2.73 billion) of the project about $1.8 billion will be
financed by BIM.
implementation of the 375 km Tehran-Qom-Isfahan express railway which will
be completed in four years the distance will be reduced to 90 minutes.
The number of
trains in use in this route will be 2 sets of CRH3 trains each with a
capacity of 557 passengers.
which initially will be implemented in two lines will enable transportation
of electrified express trains with a speed of 300 to 350 km per hour.
implementation of this railway the rail route of Tehran to Isfahan will be
reduced by 138 km. With the commissioning of the project some 55 billion
tomans will be saved in fuel consumption.
Artapan MDF Plant
In a ceremony attended by First
Vice President Eshaq Jahangiri the MDF plant of Artapan Company will be
inaugurated in Ardebil Province.
opening of the plan which has used 11 million euros in foreign exchange and
30 billion rials facilities of the Bank of Industry and Mine, job
opportunities will be provided for 137 fellow countrymen.
project for the MDF plant of Artapan Company was implemented in early 2011
in an area of 10 hectares of land in the Artaplast Private Industrial Town
in the city of Namin.
which in addition to the mentioned facilities has received 40 billion rials
of supplementary facilities and 90 billion rials of circulating capital of
the Bank of Industry and Mine, will produce 84 thousand cubic meters of raw
MDF per year.
Alyaf Gostar Company in Yazd Inaugurated
According to a report released
by the Bank of Industry and Mine (BIM), the company which is located in Yazd
Industrial Town (Special Economic Zone) will produce 40 thousand tons of
polyester and hollow fiber annually. Construction of a small scale combined
heat and power (CHP) plant by the company with the production capacity of
108 million kw/h electricity per year in line with the supply of the
required electricity for the production of fiber as well as supplying part
of the provincial electricity requirement is among other measures of the
Industry and Mine has allocated 7.500 million euros in forex facility plus
100 billion rials in local currency for the production of fiber and 48
million Yuan for the construction of the power plant.
With the commissioning of the
project which has been established in one of the deprived regions of the
country direct job opportunities have been created for 184 people.
BIM & Environment
The Bank of Industry and Mine
(BIM) on the basis of the latest decision of its Council of Deputies has
conditioned grant of facilities on assurances that industrial projects will
not have adverse effects on the environment.
aforementioned decision was adopted in line with the social mission of the
BIM and the importance of preventing negative environmental impacts on the
of Deputies of the Bank of Industry and Mine further stressed that as of the
beginning of the next year (March 21) all the created and development
projects should necessarily include environmental report as well.
The above-mentioned report
includes the type of industry, size of investment, type of product and other
determining indicators and their advantages and limitations in the field of
observation of the environmental issues.