Infrastructure developer signs Iran deal

Updated 2018-01-03 11:30:19 Global Times

China Civil Engineering Construction Corp (CCECC) announced on Tuesday it signed a railway contract worth 3.53 billion yuan (3.6 million) with Iran.

CCECC is a subsidiary of State-owned China Railway Construction Corp (CRCC), a major construction group with business in more than 60 countries and regions around the world, according to its website. CCECC signed the contract with Iran's Construction & Development of Transportation Infrastructures Co to develop a 263-kilometer railway, according to an announcement CRCC sent to the Shenzhen Stock Exchange on Tuesday.

The company belongs to the Ministry of Road and Transportation of Iran, the announcement said.

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