Transportation Infrastructure

"The Iranian government has signed a deal with Italy's highway agency ANAS for the construction and management of a 1,200 km (745 miles) road project that will cost 3.6 billion euros ($4 billion), ANAS said on Thursday. The first stretch of highway covering 350 km will be completed by 2022 at a cost of 600 million euros, ANAS said. The project is to build a road linking the Gulf port of Bandar Imam Khomeini to Bazargah on Iran's border with Turkey.Italy has worked hard to secure lucrative deals in Iran following a deal last year to lift crippling sanctions on Tehran in exchange for limiting its nuclear activities... ANAS said the deal signed on Thursday with the Iranian Ministry of Roads was a follow-up to a memorandum of understanding initialed in February." (Reuters, "Italy's ANAS signs deal to build north-south highway in Iran," 7/14/2016)