Iran Holds Talks with Italy for Financing Two Rail Projects

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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.

IFP Media Wire
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