Iran's rail network has links to central Asia, China and Russia © 123RF
Iran's rail network has links to central Asia, China and Russia © 123RF

Iran to finance Iraqi rail link in wake of US sanctions

Iran is to finance and build a railway line between its port city of Shalamcheh to Basra in neighbouring Iraq – but it plans to make the Iraqis pay a reported 2,200bn Iranian rials bill later.

State-owned Islamic Republic of Iran Railways’ deputy head Mazyar Yazdani said on Monday that president Hassan Rouhani had ordered for construction to start on the line, which will eventually create a trade link with Syria.

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