Tag Archives | rail

Iran-Azerbaijan Growing Cooperation in Road, Rail Transport

Iran’s ambassador to Azerbaijan hailed the two countries’ close cooperation in the area of road and rail transport, saying that the Azeri government plans to exempt Iranian trucks from paying road taxes. Speaking to some Azeri media outlets on Friday evening, Mohsen Pak-Ayeen pointed to a recent amendment to Azerbaijan’s tax law and said Iranian […]

Iranian, Azeri Officials to Discuss Railroad Project

A joint task force between Iran and the Republic of Azerbaijan will convene in Baku to discuss financial partnership to construct a railroad in north of Iran that will be connected to Azerbaijan’s rail network later. According to Iran’s Ambassador to Azerbaijan Mohsen Pakayeen, the task force is going to hold a session in Baku […]

Ukraine Releases Details of Railroad Deal

Ukraine’s embassy in Tehran published details of a memorandum of understanding (MoU) that Iran and Ukraine have recently signed to boost cooperation in the railroad industry. In a meeting in Kiev on Wednesday, Iranian Deputy Minister of Road and Urban Development Ali Nourzad and Ukraine’s Minister of Infrastructure Volodymyr Omelyan signed an MoU as part […]

Iran, Azerbaijan to build Rasht-Astra Railway

Iran’s ambassador to Azerbaijan said the two countries are “seriously” resolved to complete the Rasht-Astara railway project and that they will continue talks on a $500-million loan from Baku to finance the project. “Regarding Rasht-Astara railway, both Iran and Azerbaijan are seriously determined to complete (the project),” Mohsen Pak-Ayeen told reporters in Tehran. He added […]

Ankara to Sell Tehran Rail Tracks in Barter Deal

Turkey’s Transport Minister Binali Yildirim said Ankara will buy Iran’s oil in exchange of train rails as a part a barter deal between the two neighboring countries. Yildirim said Turkey has inked a deal with Iran whereby it will import Iranian oil in exchange for train rails, which are made in Karabuk. “Karabuk has been […]

Azerbaijan to Give Iran Loan for Railroad Project

An Iranian deputy minister unveiled plans for getting a $500 million loan from the Republic of Azerbaijan to construct a railroad in the northern part of the country that will later be connected to Azerbaijan’s railroad network. Iran’s Deputy Minister of Road and Urban Development Ali Noorzad told Trend on Friday that the loan will […]

Iran to Import Used Train Cars from Europe

Iran’s Raja Rail Transportation Company plans to import second-hand train cars from Europe to renovate its aging fleet, the company’s managing director said. Speaking to the Tasnim News Agency, Hassan Mousavinejad unveiled plans for the import of second-hand cars that are between 15 and 20 years old. Those cars will replace some 300 ones that […]

Pakistan to Develop Rail Corridors for Trade with Iran

Pakistani Commerce Minister Khurram Dastgir Khan said his country is very interested in laying modern railways and renovating existing routes for direct and transit trade with Iran and Afghanistan. Speaking in Islamabad, the minister said the Pakistani government considers railways as trade corridors because these would play a vital role in boosting Pakistani exports and […]

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) […]

Russia Says Legal Barriers for Iran Loan Cleared

A Russian deputy minister said that the legal barriers for Moscow’s key state loan to Tehran have been lifted. “Contradictions in the intergovernmental loan have been removed,” Russian Deputy Foreign Minister Sergei Storchak said as quoted by Sputnik on Monday. “We’ll sign them (the documents) as soon as the decision is made by the authorities,” […]

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 […]

Italian Rail Company Targets Iran

By John Lee. The CEO of Gruppo FS Italiane (Ferrovie Dello Stato), Renato Mazzoncini, has said that Iran is an important opportunity for his rail business. Addressing the Transport Commission of Italy’s parliament, he said that in the railway world “only seven nations have high-speed trains, and Italians and Japanese people have the best systems.” […]

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 […]

Russian €1.2bn Contract for Iranian Rail Electrification

Russian news agency TASS reports that the cost of the electrification of the 495-km railway section between Garmsar and Ince Burun is estimated at €1.2 billion. The project will be financed by the state export credit agency of the Russian government, and carried out by Russian Railways subsidiary RZD International. During talks held in January 2014 […]