 The total value of the transaction was 800 million euros, the seller being PSA Peugeot Citroen, the parent company of Gefco.A program to modernize the Baikal-Amur Magistrale was launched in 2013, costing the equivalent of £4 billion by 2018.In 2015, RZD International won a €1.2 billion contract to electrify the Garmsar–Inche Bourun line in Iran.