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Russian Railways

Russian Railways

Industry: 
Transportation Infrastructure
Symbol: 
RU: RZHD
Country: 
Russia
Contact Information: 
Sources: 

According to its Company Website, Iran is part of Russian Railways’ “North-South Corridor.” This corridor is “part of a strategic partnership with the countries to the south and [Russian Railways] duly signed an Intergovernmental Agreement on its construction with India and Iran in September, 2000.” 

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“Russia's economy chief on Wednesday announced plans to visit Iran amid reports of the two sides nearing a mammoth oil-for-goods deal that has raised consternation in the United States. Economy Minister Alexei Ulyukayev told Russian media his late April trip would focus on a ‘wide range of trade and economic issues’ but provided no further details.Moscow's Kommersant business daily on January 16 said the two close trading partners were negotiating a barter agreement under which Russia could import up to 500,000 barrels of Iranian oil per day. Russian officials have neither confirmed nor denied the discussions…Tehran's Fars news agency quoted Moscow's Iranian ambassador as saying on Saturday that the latest terms of the proposed deal would see Russia build Iran railroads in exchange for oil…Russian Railways state corporation chief Vladimir Yakunin had earlier expressed interest in helping Iran develop a railroad to its northern neighbour Armenia.” (AFP, “Russian minister plans Iran trip amid oil deal reports,” 2/12/14)

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"Iran may award OAO Russian Railways, the country's rail monopoly a new contract worth about $250 million after the state-run company completed a link between Tebriz and Azarshahr, RIA Novosti reported, citing the head of the Russian Railways unit doing the work."(Bloomberg News, "Iran May Award Russian Rails New $250 Million Contract, Ria Says," 6/9/12)

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“Russian Railways President Vladimir Yakunin led a delegation of Russian Railways to Iran and in Tehran met with government representatives and senior managers of Iranian Railways, including Managing Director Saheb Mohammadi. ‘A mutually beneficial partnership between Russian and Iranian railways in modernisation and infrastructure development is key to strengthening economic cooperation and friendly relations between Iran and Russia,’ said Yakunin. The partners discussed cooperation between the rail systems of the two countries in implementing joint infrastructure projects in Iran. The Iranians proposed that Russia play a role in electrifying the Tehran - Bafq railway line. Following the meeting, the sides agreed to establish a working group for the joint development of the proposal with a proposed schedule and other conditions.” (Russian Railways, “Russian Railways receives proposal to electrify Tehran - Bafq line,” 2/9/11)

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According to its Company Website, “In 2008, the railways of Russia, Iran and Azerbaijan signed a tripartite Memorandum of Understanding on the construction of a railway line between Rasht - Astara (Iran) - Astara (Azerbaijan). Russian Railways considers this railway line as a key element in the North - South International Transport Corridor (ITC)…Following negotiations, the leaders of railways from Russia, Iran and Azerbaijan signed a tripartite Memorandum of Understanding in November 2011…According to the results of pre-project development, RAI, Russian Railways and CJSC Azerbaijan Railways will ensure compliance with the corporate procedures required to set up the joint venture which will then directly implement the project. (Russian Railways, “International Projects: Iran.”)

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According to its Company Website, “Russian Railways and the Islamic Republic of Iran Railways (RAI) concluded a contract for the electrification of the Tabriz - Azarshahr railway line on 29 April 2008. A ceremony was held to mark the beginning of construction on 9 February 2009…On 13 October 2012, Vladimir Yakunin, President of Russian Railways, took part in the opening ceremony of the Tabriz - Azarshahr line, which was electrified jointly by Russian and Iranian specialists.” (Russian Railways, “International Projects: Iran.”)