Global Business in Iran Database

In-depth metrics and analysis of Iran's international economic partnerships.

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selected project

Seli-Iran, North-South Tehran Metro Line

description

Italy's Seli Group S.p.A. contracted in mid-2009 for tunnel construction work and equipment delivery on the North-South section of the Tehran metro line.  The Iranian client is the Sepasad Engineering Company, a Tehran based firm with known ties to the Islamic Revolutionary Guard Corp.  The deal is valued at 52.12 million euros.

  • Country: Italy
  • Client: Sepasad Engineering Company
  • Contractor: Seli S.p.A.
  • Amount (Current Dollar Value): 52,110,905 euros = $73.33 million

Status

  • Current Status:
  • Discussion Date:
  • Contract Date: Sat, 2009-08-01
  • Completion Date:

Citation

1. Guilio Meotti, "The Rome-Tehran Axis", Wall Street Journal, available at http://www.offnews.info/verArticulo.php?contenidoID=19720.

2. "List of Work Contracted Projects", Seli, accessed 27 January 2010, available at http://db.selitunnel.com/4daction/seli_lavori?page=eng:06_PROGETTI:03_Pr....

3. "Results in detail", Seli, accessed 27 January 2010, available at http://db.selitunnel.com/4daction/seli_lavori?page=eng:06_PROGETTI:02_El....

All projects by Seli S.p.A.