Tehran and Ankara agree oil for rail swap

The governments in Tehran and Ankara have agreed to a €80m oil for rail swap that will see Turkey provide Iran with 1,000 of rail girders in return for supplying the TÜPRAS  with oil. The girders will be used  to develop Iran railway network as part of a program that is expected to cost $8n over the next six years.
With only 13,000km of track for country with a land mass seven times that of the UK with 15,500km, the development of its rail network is seen as critical to increasing the movement of both Iran’s goods and people.
It is also considered vital to cementing the country’s role as a transport artery and crossroads particularly in the context of the  International North-South Transport Corridor running from Mumbai to Moscow and the New Silk Road connecting China to Europe.

Source: isna