Tag Archives | Iranian Railway (RAI)

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 […]

Railroad Chief Resigns over Fatal Train Crash

Managing Director of the Islamic Republic of Iran Railways Mohsen Pourseyyed Aqaei resigned after a train crash that killed 45 people in the province of Semnan on Friday, offering an apology to the nation for the deadly incident. Speaking to IRIB news on Saturday night, Pourseyyed Aqaei said the Minister of Road and Urban Development […]

Iran, Austria open huge Catering operation in Tehran

The Dona International Catering Company, the biggest of its type in the Middle East, was inaugurated in Tehran on Sunday. The unveiling ceremony was attended by Iran’s Minister of Roads and Urban Development Abbas Ahmad Akhundi, Austrian Ambassador to Tehran Friedrich Stift as well as Mohsen Pourseyyed Aghaei, the President of Islamic Republic of Iran […]

Iran reports “Huge Rail Purchase” from India

By John Lee. The managing director of the Islamic Republic of Iran Railways (IRIR, RAI), has been quoted as saying that Iran has bought 250,000 tons of rails from India. Mohsen Pour-Seyyed Aqaei said: “Five percent of the funds required for the purchase will be provided by the IRIR … The remaining 95 percent of […]

Work begins on Iran – Azerbaijan Rail Bridge

By John Lee. A ground-breaking ceremony was held on the Iranian-Azerbaijani border last week to mark the start of construction on a railway bridge across the Astarachay river, which will link the two countries. According to a report from International Railway Journal, the dual-gauge (1520mm and 1435mm gauge) bridge will connect the Azerbaijan Railways (ADY) […]

Iran hopes to get its Trains back on Track

By Alireza Ramezani, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s development of its rail sector has been slow for more than three decades. Since the 1979 Islamic Revolution, only 3,418 miles of railway have been built to extend the existing 2,796 miles of […]

Iran, Germany sign MoU on Railroad Cooperation

The Islamic Republic of Iran Railways (IRIR) and German company DB International (DBI), part of Deutsche Bahn, signed a memorandum of understanding on cooperation in improving software systems and implementing railway development projects. Managing Director of IRIR, Mohsen Pour Seyed Aqaei, and Chairman of the Board of Managers of DB International, Niko Warbanoff, signed the MoU […]

Russia to Supply 5,000 Freight Cars to Iran

By John Lee. Russia’s Uralvagonzavod will supply Iran with 5,000 rail freight cars, with deliveries expected to begin before the end of this year. According to Kommersant, Russia’s state development bank Vnesheconombank (VEB) will provide a loan of $140 million to the company to cover costs. The cars will be developed for use by Iranian […]

Iran Signs $40bn in Trade Deals With Russia

By John Lee. Ali Akbar Velayati, an adviser to Iran’s supreme leader, told reporters: “… contracts worth around $40 billion … have already been initialed and are ready to be implemented. “They are just waiting for loans and financing from the Russian side, and during our meeting with Putin we were reassured that this would be done, and that [Iran] […]

Italian Rail Company in 5bn EUR Iran Deal

By John Lee. The Italian Transport Minister Graziano Delrio and his Iranian counterpart Abbas Akhoundi have signed a memorandum of understanding (MoU) calling for the return of State owned Italian railway company Ferrovie dello Stato to Iran. According to Italy24, the company has been active in Iran since 2001. The holding company and its subsidiaries […]

Fincantieri Lands Several Iranian Contracts

In the presence of the Prime Minister Matteo Renzi and the President of Iran Hassan Rouhani – on an official visit in Italy – Fincantieri, one of the world’s most important shipbuilding groups, has signed a number of framework agreements with some primary Iranian companies. These preliminary understandings are prior to the accomplishment of several […]