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

13 November 2018

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.

 Want to stay up to date with the news? Sign up to our daily bulletin.

To read the rest of this article you need to sign in:
Don't have an account? Register here


Not a CIPS member? Why not join CIPS to access a full range of benefits, including:

  • Access all areas of the CIPS Knowledge on-line library including tools and templates and Supply Management stories.
  • Enhance your network and get connected to a global community of 120,000 in 150 countries.
  • Stay in touch and up to date through member only events and branch meetings.
  • Annual subscription to Supply Management magazine.
  • 10 per cent discount on all training courses, workshops, seminars and conferences.
  • Up to 15 per cent discount on books from the CIPS book store, including course books and a range of further reading text books.

And much more. Click here to join >

This position can be based at our headquarters in Dover or any one of our overseas offices.
Between £50,000 - £60,000 depending on experience
Megger Group
East London
East London Waste Authority
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates