Bank of Shanghai gave $16.14 million buyer’s credit loan for Tehran Metro Project

On March 6, 2001, the Bank of Shanghai — a Chinese state-owned bank — issued a $16.14 million buyer's credit loan to an unspecified Iranian bank for the Tehran Metro Project. The borrowing terms of the loan are unknown. Shanghai Yalian Import and Export Trading Company (上海亞聯進出口貿易公司) was the contractor responsible for project implementation. However, it is unclear whether or when this project was implemented. The Tehran Metro System is the largest metro system in the Middle East. At present, there are 5 lines with a total design length of nearly 150 kilometers and nearly 110 underground platforms. The core of which is Line 1 and Line 2. Line 1 has a total length of 34 kilometers from Warnak Square in the north of Tehran to the Martyrs Cemetery in the south; Line 2 has a total length of 20 kilometers from Dirdasht in the east of Tehran to Sadikiya Square 2 in the west. Each train of Line 1 has a total of 7 cars and 1290 seats. The average speed is 37 kilometers per hour and the maximum speed is 80 kilometers. It transports about 640,000 passengers every day.

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2

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