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

Iran’s Negative Economic Growth: From Statistical Manipulation to the Collapse of Investment

When the gap between official figures and reality becomes too wide, the economic crisis is no longer confined to...

Iraq Sets September 30 as Deadline for Disarmament of Iranian Regime-Backed Militia Groups

Iraqi government spokesperson Haider al-Aboudi announced on Monday, June 29, that the government has given Shiite armed groups backed...

Escalating Iran-US Conflict Cuts Strait of Hormuz Traffic, Lifts Oil Prices

Oil Prices Rise and Ship Traffic Through the Strait of Hormuz Declines Following Tensions Between Iran and the United...

The ‘No To Executions Tuesdays’ campaign has entered its 127th week

The campaign “No to Executions Tuesdays,” a prisoner-led protest against executions held across multiple prisons in Iran, entered its...

Sixty-two Members of the Iranian Regime’s Assembly of Experts Call for Keeping the Strait of Hormuz Closed

As signs of divisions and rivalry at the highest levels of the Iranian regime have become increasingly apparent, 62...

Workers and Retirees in Iran Once Again Protest Over Living Conditions

Retirees and workers held protest gatherings and marches in several cities across Iran on Sunday, June 28, once again...

Must read

Iran Still Have Foothold in Iraq

Iran Focus London, 4 Sep - Iran has been allowed...

Iran: 1,000 copper workers go on hunger strike

Iran Focus: Tehran, Jun. 19 – Some 1,000 copper...

You might also likeRELATED
Recommended to you