Agreements Reached to Invest $5.3 Billion in Afghan Infrastructure

Preliminary agreements have been reached by Iran to invest $5.3 billion in Afghanistan’s road and rail transportation infrastructure as well as in the neighboring country’s housing sector, an advisor to Iran’s roads minister said.
“We are now negotiating project details and selecting the companies that will be undertaking these projects,” Hossein Mirshafi was also quoted as saying by Mehr News Agency.
The official further said Iran has officially announced its readiness to cover the $2.2 billion investment required for the construction and completion of the Herat-Mazar-i-Sharif 656-kilometer-long railroad.    
“Negotiations are underway for Iran to invest at least $3.1 billion on road construction, road transportation infrastructure and technical and engineering services in Afghanistan,” he added.