MOSCOW (Sputnik) — Iran has offered Russia to take part in transport and construction projects worth over 25 billion euro, or nearly $28 billion, Russian Energy Minister Alexander Novak said Thursday.
Speaking to reporters following a meeting with Iran's Minister of Ministry of Transportation and Housing Abbas Ahmad Akhoundi, Novak stated that Akhoundi had handed over "21 projects worth more than 25 billion euros, which will be implemented in Iran."
"Russian companies are interested in participating in projects that will be implemented in Iran, including projects related to the development of railway infrastructure, ports; related to the supply of marine and automotive equipment, special-purpose machinery," Novak added.
According to the Russian minister, the two countries have already agreed to sign binding documents by year-end on the electrification of Iranian railways.
