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June 30th, 2014 
David Schulberg
The project is due to be implemented by an Iranian-Chinese consortium, including the Iranian companies of MAPNA, MAPNA Ehdas and MAPNA International and the Chinese CMC and SU Power firms.
The deal necessitates the signatories to reform and construct the current Tehran-Mashhad railway for trains with 200km/h speed, build electric railway for trains with 250km/h speed and procure 70 electric locomotives.
In relevant remarks in May, Manager of the Electrification Project of Iran’s Railways Qassem Saketi told Fars News Agency that his department was “obtaining the necessary licenses for implementing the project through 85 percent of foreign finance”.
Saketi said the remaining “15 percent will be financed by the (Iranian) government”.
He noted that project would be implemented within the framework of the engineering, procurement, construction and finance (EPCF) contract in a 42-month period.
Saketi said once the project is accomplished, “the passenger capacity of Tehran-Mashhad railway will be increased from the current 14 million passengers per year to 35 million”.
He explained that the electrification project would increase the cargo capacity of Tehran-Mashhad railway to 10 million tons per year as well.
SS
Source Article from http://english.irib.ir/news/economy/item/190985-iran,-china-ink-contract-to-electrify-tehran-mashhad-railway
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