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

US Slaps New Sanctions on Iran’s Drone Program

On Thursday, April 25, the United States imposed new sanctions on the regimes of Iran and Russia. According to a...

Iran’s Regime Sentences Singer Toomaj Salehi to Death

Amir Reisian, Toomaj Salehi’s lawyer, says the so-called “Revolutionary Court” in an "unprecedented" move has sentenced this dissident singer...

Iran Faces Severe Medicine Shortage and Lack of Government Funding

The Health and Treatment Commission of Iranian regime’s Majlis (parliament) recently released a report highlighting the dire situation of...

U.S. House of Representatives and Senate Approve Measures Targeting Iran’s Regime

In a resolute move showcasing bipartisan unity towards addressing the Iranian regime's actions, the United States House of Representatives...

Grossi: Iran Weeks Away from Having Enough Enriched Uranium for Atomic Bomb

Rafael Grossi, the Director General of the International Atomic Energy Agency (IAEA), has stated that Iran is just weeks...

In the past two years, 8 million people added to Iran’s poor population

According to information analyzed by the state-run Etemad newspaper regarding poverty rate data, a 10% increase in the poverty...

Must read

No back-channel talks on Iran: US

AFP: The United States on Monday denied a British...

Arab, Turkish officials urge dialogue with Iran

AP: Arab and Turkish officials slammed talk of a...

You might also likeRELATED
Recommended to you