TEHRAN: February 14, 2016. Iran's state-owned PressTV channel reports the arrival of the first train from China's eastern province of Zhejiang to Tehran via Kazakhstan and Turkmenistan.
The train left Yiwu, China on January 28 and reportedly covered the 10,400 kilometers in 14 days carrying thirty-two 40 ft. containers of commercial products.
Last year China launched the Asian Infrastructure Investment Bank (AIIB) with US$100 billion in capital and the New Silk Road Fund with US$40 billion to finance major infrastructure projects including the development of the New Silk Road.
According to PressTV, Tehran has pledged US$6 billion over the next six years in support of the initiative.