CACI head Brahim Bendjaber added in remarks carried by Algerian official news agency APS that Iran would have a 51 per cent stake with Algeria owning the remaining 49 percent in the plant, which would have a capacity of 1Mta.
Bendjaber, who was speaking at a meeting between Iranian and Algerian businessmen, did not name the firms which are due to carry out the project.
Algiers is hosting a meeting of an Iranian-Algerian joint commission to boost trade.
Bendjaber said the two countries reached another accord to expand bilateral cooperation in the railway sector.
