Iran signs first post-sanctions ECA deal with India Exim

In:

Infrastructure, Transport

Region:

Middle East & Africa, Asia-Pacific

Max Thompson

Managing Editor

The Export-Import Bank of India (India Exim) last month signed a $150 million line of credit with Iran's Bank of Industry and Mine to finance rail upgrades in Iran. The deal, which will finance the supply of 150,000 tonnes of steel railway tracks from Indian exporter State Trading Corporation, is Iran's first post-sanctions export finance agreement.

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