Iran and Russia signed state export-credit agreements for a thermal power plant and electrification of the Garmsar–Incheh Borun railway, linking finance to infrastructure projects.
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Which railway project was covered by the December 2016 export-credit agreements?
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Explanation
The agreements covered a thermal power plant and electrification of the Garmsar–Incheh Borun railway.
Signing the December 2016 export-credit agreements proved that the financed projects were already complete.
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Explanation
Signing established financing arrangements; disbursement and construction completion were separate stages.