China Railway Group Limited

Transportation
SSE: 601390

In July 2017, Iran signed a contract with China Railway Group Limited, also known as CREC, to build this line. Although the contract was signed in 2015 with an estimated value of €1.8 billion, its scope and value are expected to expand.

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In 2017, the states of, Iowa listed China Railway Group on its Iran scrutinized companies list rendering China Railway Group ineligible for investment and/or state contracting.

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In 2017 California identified China Railway Group as potentially engaging in an investment venture including construction projects for power generation and smelting operations in Iran and is reviewing.