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June 2018, No. 87


Banking

At a meeting of Governor General of Mazandaran Province Mohammad Eslami with deputy minister of roads and managing director of the Islamic Republic Railways and the officials of the Bank of Industry and Mine, practical ways for development of the infrastructure of Mazandaran railways were discussed.

Eslami, at the meeting, praised the key role played by the BIM in development of the country’s railways.

He noted that he had held another meeting with the railway authorities and pertinent BIM officials to discuss the follow-ups of the main projects aimed at development of the province. He said the Bank of Industry and Mine is one of the most effective banks in the country, which has played a key role in the development of the railways using the resources of the National Development Fund, but Mazandaran has not used these resources yet.

Pointing out that in the past they had reached agreement with the CEO and board of directors of the BIM for Mazandaran development plan, he stated: “Today, at this meeting, we decided to establish a joint working group to determine the credit model of this project with an initial estimate of 4 billion euros so that we can establish the Tehran-North Express Railway.”

Eslami further said: “We have also reached agreement on initial projects of the second line of the suburban railways of Babol, Qaem-Shahr and Sari along the main line. “We are trying to draw provincial investors and start this rail line as quickly as possible to reduce the traffic load in ​​the province.”

 

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  June 2018
No. 87