The 2661 China Communications Construction Company is to take part in the second and third construction phases of Tehran’s north highway project.
A memorandum of understanding signed earlier this year marks the first time a Chinese contractor has worked in Iran.
The second section covers around 23km and includes a 6.5km tunnel and a 16.5km highway. The third section spans about 45km, of which 38km will be through tunnels.
Total cost is around US$2 billion, with the second section costing $500 million.
The announcement comes after Iran announced this year that the Tabriz-Marand-Bazargan freeway looks likely to be built using foreign investment under a plan approved by the Organisation for Investment, Economic and Technical Assistance of Iran.
A memorandum of understanding signed earlier this year marks the first time a Chinese contractor has worked in Iran.
The second section covers around 23km and includes a 6.5km tunnel and a 16.5km highway. The third section spans about 45km, of which 38km will be through tunnels.
Total cost is around US$2 billion, with the second section costing $500 million.
The announcement comes after Iran announced this year that the Tabriz-Marand-Bazargan freeway looks likely to be built using foreign investment under a plan approved by the Organisation for Investment, Economic and Technical Assistance of Iran.
