Iran will sign a $4 billion contract with China for development of an underground transport system in Iran, Iranian state television quoted an official as saying on Tuesday.
"The $4 billion financing contract will be signed with China tonight," said Mohammad Royanian, head of Iran's Transport and Fuel Management Office.
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China, the second biggest importer of Iranian oil after Japan, has long been involved in infrastructure projects in Iran where economic sanctions have hampered investment by Western companies.
