China, Iran to sign $4b metro contract

Updated: 2011-07-20 10:34


Twitter Facebook Myspace Yahoo! Linkedin Mixx

China and Iran will sign a $4 billion contract for development of an underground transport system in Iran, according to Iran's state television, Reuters reported.

"The $4 billion financing contract will be signed with China tonight," said Mohammad Royanian, head of Iran's Transport and Fuel Management Office.

He gave no other details.

As the second biggest importer of Iranian oil after Japan, China has long been involved in infrastructure projects in Iran.

Iran said in February that China had signed a $13 billion contract to build a railway network.

Trade between the two countries is worth around $30 billion per year. President Mahmoud Ahmadinejad has said he hopes to increase the volume of trade to $100 billion.


The perfect cut 

Companies need to revamp, standardize to stave off quality challenges

 Crowning achievement
Living happily ever after
Let there be smell

European Edition


My China story

Foreign readers are invited to share your China stories.

90th anniversary of the CPC

The Party has been leading the country and people to prosperity.

Setting the pace in Turkey

China is building a 158-km high-speed railway in Turkey.

Vice-President visits Italy
Sky is the limit
Quest for green growth