Line 3 is expected to cost around $1.4bn to build in total.
The latest contracts tendered cover the civil works section, encompassing tunnelling and construction of the stations along the route. The estimated cost of this is $700m.
An official at the Tehran Urban & Suburban Railway Company, which is overseeing the metro project, says a small section of Line 4 could open as early as the spring. Although it is only 3 kilometres long and will include three stations, it will link to Line 1 giving easier access to the important retail and commercial district around Enqelab Street.
The metro authority is also purchasing two tunnel boring machines for up to $30m each to assist with its expansion programme.
You might also like...
TotalEnergies to acquire remaining 50% SapuraOMV stake
26 April 2024
Hyundai E&C breaks ground on Jafurah gas project
26 April 2024
Abu Dhabi signs air taxi deals
26 April 2024
Spanish developer to invest in Saudi housing
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.