Economy, Business And Markets

Japanese Interested in Infrastructure Projects

Japanese Interested in Infrastructure Projects Japanese Interested in Infrastructure Projects

Japan is willing to make investment in Iranian infrastructure projects, including the under construction Isfahan-Tehran high-speed railway, ISNA reported on Saturday.

A Japanese economic delegation, which has recently arrived in Iran, visited many Iranian large scale projects, including Shahid Rajaei Port, Hormozgan Province, and other areas in the south of the country. The Japanese officials stated in a joint conference with officials of the ministry of roads and urban development that they are in discussions about offering engineering knowhow to boost Iran’s infrastructure.

During their negotiations, Iranian officials discussed other major infrastructure projects which could be jointly created with the Japanese, with the Japanese side saying it is interested to co-fund investment in the infrastructure products.

The visit by the Japanese delegation comes just a few months after Chinese investors implemented a number of development projects including the Tehran-Mashhad high-speed rail connection.

Following the implementation of Geneva nuclear accord struck by Iran and the 5+1 group of countries (the five permanent UN Security Council members plus Germany) on November 24, the ground has been paved for more participation of the large economic players in the Iranian market.

Several European states have so far sent their trade delegations to Iran to study the prospects of investment and to further boost their trade ties with the Islamic Republic, whilst Iran is also preparing its delegations to look at how they can tie up with other European countries.

The largest of such foreign delegations comprised of 141 French businessmen and traders who discussed ways to boost and bolster their current investment in Iran ahead of any final nuclear deal.