67631
Italian Company to Sign €1.2b Railroad Deal
Italian Company to Sign €1.2b Railroad Deal

Iran, Italy to Sign €1.2b Railroad Deal

Iran, Italy to Sign €1.2b Railroad Deal

Iran’s national rail company, the Islamic Republic of Iran Railways, will sign a €1.2 billion deal with its Italian counterpart on July 11 to build a high-speed railroad between the cities of Qom and Arak.
The agreement will be signed during the visit of Renato Mazzoncini, CEO of Italy’s state railroad company Ferrovie dello Stato otherwise known as FS, to Tehran, IRNA reported on Monday, citing IRIR. A delegation will accompany Mazzoncini on his Iran visit, during which FS will also sign two other deals on holding training courses for IRIR personnel, the report added.
FS signed a preliminary agreement with IRIR back in February to develop Iran’s railroad system. The deal includes up to €5 billion ($5.65 billion) in export credits from Italy for Iran.
“The FS group will supply assistance to the Iranian railroads … for both high-speed and conventional rail lines, including a complete program for training personnel,” read a statement from Ferrovie. It added that FS will be on the “frontline” for the planning and construction of high-speed rail links between the Iranian cities of Tehran and Hamedan, and between Arak and Qom.
Iran has 3,500 kilometers of railroads under construction. The country’s 20-Year Vision Plan (2005-25) stipulates that the number of passengers using rail transportation in the country will increase from the current 25 million to 65 million per year.

Short URL : https://goo.gl/6XwgyT
  1. https://goo.gl/SyAEo7
  • https://goo.gl/4fApqe
  • https://goo.gl/VM4n78
  • https://goo.gl/nP9pyM
  • https://goo.gl/pzz7W9

You can also read ...

 TCCIMA Secretary-General Bahman Eshqi speaking in Vienna on Nov.16
Iranian banks are expected to open their first branches in...
Iran has 9,000 online retail stores.
With the ever-growing developments in the World Wide Web,...
Helping the Quake-Stricken?  Not If They Are Iranians!
Iran is a hotspot of earthquakes and several of them have...
USD at  41,000 Rials
After the US dollar’s recent bull run that pushed the value of...
Tehran-Accra Expand Agro Coop.
Three memoranda of understanding were signed between Iran’s...
Wide-Ranging MoU With Mexico
A memorandum of understanding on agriculture and rural...
2 State-Owned Firms to Be Privatized
The Iranian Privatization Organization is planning to put up...
Tesla Roadster Speeds in Front of Electric Truck
Tesla Inc upstaged its own debut of an electric heavy duty...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus