Iran, Italy discuss EUR 4bn Rail Projects

The Iranian Railroad Company’s Director General for International Affairs Abbas Nazari said Tehran and Rome are in negotiations over Italy’s investment in two rail projects in the Islamic Republic worth 4 billion euros.

We are in dialogue with Italian investors about Qom-Arak and Tehran-Hamedan high-speed railroad lines and the needed fleet (of trains),” Nazari told reporters in Tehran on Monday.

He said China has also announced its readiness to finance the Tehran-Mashhad and Tehran-Isfahan railroad projects.

The official added that 85 percent of the investment in the projects is planned to be provided through finance.

Nazari also said political talks on construction of a 2,000-kilometer railroad line connecting Iran and China have concluded.

(Source: Tasnim, under Creative Commons licence)

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