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November 2016

Germany’s KfW Agrees on 1.2 Billion-Euro Iran Rail Loan

Germany agreed to provide Iran with a 1.2 billion euro ($1.27 billion) credit line to help finance a rail project , according to an official at the Central Bank of Iran. Siemens AG has signed several agreements with Iran to develop its railway network, including the electrification of the Tehran to Mashhad line, the state-run…
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