Iran General NewsIran's Guards in $2.5bn rail deal

Iran’s Guards in $2.5bn rail deal

-

ImageBBC: Iran's Revolutionary Guards have won a $2.5bn tender to build a railway route linking the south-eastern port of Chabahar to Iran's rail network.
BBC News

ImageIran's Revolutionary Guards have won a $2.5bn tender to build a railway route linking the south-eastern port of Chabahar to Iran's rail network.

Transport minister Hamid Behbahani said it was part of a transit route for goods from Chabahar to the north-eastern border town of Sarakhs.

The Guards' engineering wing, Khatam-ol-Anbia, has been awarded government contracts worth billions of dollars.

These include the operation of Tehran's Imam Khomeini international airport.

Last month, more than half of Iran's national telecommunication company was ceded to a consortium partly owned by a Revolutionary Guards affiliate fund, as part of the country's privatisation of state assets.

The $8bn deal was followed by allegations that a rival consortium had been forced out of the bidding "on security grounds".

The Guards are thought to control about a third of Iran's economy through a series of subsidiaries and trusts.

The force is estimated to have 125,000 active troops. It boasts its own ground forces, navy and air force and oversees Iran's strategic weapons.

Latest news

The Gallows: The Real Story of Iran Behind the Oslo Ceremony

In an article published on June 8, the Norwegian newspaper Fædrelandsvennen sought to draw public attention to a different...

Lebanese President Expresses Clear Opposition to Iran’s Regime

Recent remarks by Lebanese President Joseph Aoun regarding the role of Iran's regime in developments in Lebanon have received...

Rationing and Sharp Increases in Bread Prices Across Iran

The livelihood crisis and intensifying economic pressures in Iran have now affected one of the most basic daily necessities...

Internet Shutdowns Have Devastated the Livelihoods of Millions of Iranians

Following widespread and repeated internet shutdowns in Iran ordered by regime officials, reports by trade and professional organizations show...

Iran’s ‘No to Executions Tuesdays’ Campaign Enters 124th Week

On Tuesday, June 9, the "No to Executions Tuesdays" campaign entered its 124th week and once again emphasized its...

Food Basket Share Reaches 71% of Iranian Workers’ Minimum Wage

Studies show that the cost of providing essential food items for a family of four in May 2026 exceeded...

Must read

Iran Doesn’t Close City Gates Amid the Coronavirus Outbreak

By Pooya Stone Despite the huge coronavirus outbreak in...

US urges nations to watch Iranian shipping vessels

AP: The Obama administration is urging global port authorities...

You might also likeRELATED
Recommended to you