China Invests in Iran's Subway, Highway Projects
News number: 8907110856 13:36 | 2010-10-03
http://english.farsnews.com/newstext.php?nn=8907110856

TEHRAN (FNA)- China has boosted economic cooperation with Iran through
investment in the country's subway and highway projects, an Iranian official
announced.

The deputy mayor of Tehran for financial and administrative affairs said
that China has invested in the Tehran subway system through a deal to
provide 250mln euros in financing for the Sadeqieh subway station project.

Hossein Mohammad Pour-Zarandi told FNA on Saturday that the Chinese
investments will be made over the next three to four years.

The official added that Iranian state funding was provided to purchase 60
carriages and 28 locomotives for the Tehran subway system last June.

China has also invested in the Sadr-Niyayesh Highway project and is also
plans to cooperate in the Imam Ali Highway project in Tehran.

Due to worsening air pollution and traffic congestion in the sprawling
capital, most experts and urban planners have called for urgent action to
expand the subway system crisscrossing Tehran now said to cover close to 100
square kilometers.

The Tehran Metro consists of four operational lines, with construction
underway on two other lines. It is one of the biggest metros in the Middle
East and is one of the cleanest in the world.