Iran, Turkey Agree to Build Freeway
- August, 19, 2014 - 19:08
- Economy news
TEHRAN (Tasnim) – Iran and Turkey signed an initial agreement on the construction of a freeway connecting the northwestern Iranian city of Tabriz to the town of Bazargan near the border with Turkey.
During a ceremony, which was attended by a number of Iranian and Turkish officials including Iran's East-Azerbaijan province governor and Turkish consul-general in Tabriz, the agreement on the construction of the freeway was signed by the managing director of Turkey’s BERGIZ Company and the representative of Iranian Ministry of Roads and Urban Development.
The three-lane divided highway is 255 kilometers long and is expected to be completed within four years.
The Turkish company will have four months to carry out necessary cost evaluation studies.
According to the deal, the BERGIZ company will finance 65 percent of the project and the Iranian ministry will fund the reaming 35 percent.
Speaking to reporters after the ceremony, East-Azerbaijan province governor Jabbarzadeh expressed the hope that a final agreement would be signed between the two sides soon.