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Esfahan Steel to Deliver Rails for Chabahar-Zahedan Project

Steel News - Published on Wed, 26 Feb 2020

Image Source: ESCO
Esfahan Steel Company has committed to provide 5,000 tonnes of rails for a major project connecting Chabahar Port in southeastern Iran to the city of Zahedan that borders Pakistan and Afghanistan. An agreement to that effect was signed by Isfahan-based ESCO and Khatam al-Anbiya Construction Headquarters on Saturday.

In September 2019, the Iranian Cabinet decided to allocate EUR 300 million for the railroad project located in Sistan-Baluchestan Province, from the National Development Fund of Iran, the country’s sovereign wealth fund. The decision came after the Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei authorized the allocation.

The 610-kilometer railroad project got off the ground in the fiscal 2010-11, only to come to a halt for three years due to a lack of resources. The execution of the project resumed in the year ending March 2015, after a change of contractor.

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Posted By : Nishith Sharma on Wed, 26 Feb 2020
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