Putin commits to help build new Iran satellite and loan billions for infrastructure

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August 6th, 2016 – Fort Russ News – 
Rusvesna – translated by J. Flores – 

State loans amounting to 2.2 billion euros to be provided by the Russian Federation to Iran, will be used to finance the construction of thermal power and electrification of the railway system in the north-east of the country, said Russian President Vladimir Putin.

“Being explored are large-scale joint projects in the oil and gas industry, the aerospace industry, and the power industry.

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Thus, Russia will provide Iran with two governments loan totaling 2.2 billion euros to finance the construction of a thermal power plant near the city of Bandar Abbas on the Persian Gulf, and the electrification of the railway area of Garmsar in the north-east of the country, “- said Putin in an interview with the Azerbaijani state news agency, which reported this on the eve of his visit to Baku to participate in the meeting of the leaders of Azerbaijan, Iran and Russia.

Earlier, Energy Minister Alexander Novak said that Russia and Iran have agreed to promptly sign a “road map” for cooperation in the field of industry, which includes about 70 projects.

Additionally, Russia will provide Iran with the technology and assistance with construction of a new Iranian satellite. 

The Iranian Communications Minister, Mahmoud Vaezi, said Iran and Roskosmos have come to an agreement on the construction and launch of a new Iranian satellite, Mehr reported.

“On this issue, we held talks with Roskosmos and agreed on the general design, remote control, and construction and launch of an Iranian satellite”, – said Vaezi.

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