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Russia may provide a Iran loan for infrastructure projects totaling $2.5 billion, although a final decision on the amount and terms of the loan are being agreed, Energy Minister Alexander Novak told journalists following a meeting with Mahmoud Vaezi, the co-chairman of the Russian-Iranian intergovernmental commission.
As recently as last autumn, Russia was discussing the possibility of providing two loans to Iran: one for $5 billion and another for $2.2 billion.
"The profile companies confirmed that in the coming days they will sign contracts on construction of a thermal power plant and rail line electrification. We await the final terms and cost. The current discussion is for a total of up to $2.5 billion for those two projects," he said.
