(Bloomberg) -- A construction group owned by Iran’s Revolutionary Guards will develop 250 kilometers (155 miles) of metro rail in cities across Iran.
- The chief of the Guards’ Khatam al-Anbia Construction Headquarters unit, Saeed Mohammad, announced the plan Saturday at the launch of one section of the project -- a 4.5 trillion rial line linking southern Tehran and its outskirts to the city’s center, according to a statement on the company’s website.
- The broader plan will include the construction of 150 stations, the statement on www.khatam.com said; no price tag was given for the entire project.
- Khatam al-Anbia said in May 2018 that it would start work on projects worth $28 billion in the year ending March 2019, state-run Islamic Republic News Agency reported at the time.
- Khatam al-Anbia is subject to U.S. and European Union sanctions because it is a subsidiary of the Revolutionary Guards.
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