Iran’s IRGC says it has pulled out of Venezuela subway project
The construction arm of Iran’s elite military force, the IRGC, says it has withdrawn from a major subway project in Venezuela.
The commander of Khatam Headquarters, a subsidiary of the Islamic Revolution Guard Corps, said on Monday that the force had initially agreed to build a subway line in the Venezuelan capital, Caracas, but later pulled out of the project.
“Initial agreements were reached with Venezuela, but we handed over the project to the Venezuelan side due to new conditions that were imposed on the project,” Brigadier General Abdorreza Abed was quoted as saying by the ILNA news agency.
Abed said that Khatam Headquarters is involved in only a limited number of foreign projects and will brief the media and the public about them if they prove fruitful.
The IRGC has been a major contributor to Iran’s development efforts in recent decades, with its projects mainly focused on the transportation and energy sectors.
The force has also been involved in several projects in regional countries, particularly in Iraq and Syria, where it has built power plants and other facilities.
Khatam Headquarters employs a range of public and private contractors for its projects inside Iran, helping boost employment and local economic capacity.
Abed said the IRGC will never accept projects that can be carried out by private companies inside Iran, noting that it has been assigned mega-projects that are beyond the capabilities of ordinary contractors.
In an interview with the IRGC’s in-house journal published on Saturday, Abed said that Khatam Headquarters works with nearly 10,000 small and medium-sized contractors that employ more than 150,000 people.
He added that the IRGC’s policy is to reject projects worth less than $4 million in order to give smaller companies in Iran room to operate.
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