Iranian Company Secures $500 Million Contract With Taliban's Railway Authority

Thursday, 03/14/2024

IRIB, the Iranian news agency, announced that Brace Concrete Industries, an Iranian enterprise, has inked a deal worth $500 million with the Taliban's Railway Authority.

This contract, revealed on Wednesday, commits the Iranian firm to supplying 20,000 railway sleepers for the development of Afghanistan's railway infrastructure.

Brace Concrete Industries, hailing from Hamadan province, is recognised for its specialisation in manufacturing concrete sleepers, illustrating the company's innovative and leading stance in the sector.

An official from the Taliban’s Railway Authority informed IRIB about their order of 20,000 sleepers from Brace Concrete Industries.

Hossein Mirabian, the founder of Brace Concrete Industries, detailed that the delivery schedule includes 10,000 sleepers by the end of the Persian year and an additional 10,000 by April 2024, ensuring a steady supply for the ongoing railway projects in Afghanistan.

Mirabian further indicated plans for expanded involvement of his company in Afghanistan's railway development initiatives.

Despite the lack of formal recognition of the Taliban by the Islamic Republic and other nations, there exist engagements, with Iran maintaining both diplomatic and economic interactions with the group.

More News