45511
Italy Gears Up for €4b Iran Rail Project
Economy, Domestic Economy

Italy Gears Up for €4b Iran Rail Project

Tehran and Rome have signed a document, which stipulates Italy constructing two high-speed railroads in the Islamic Republic.
The agreement was signed during a meeting between Iranian Minister of Roads and Urban Development Abbas Akhoundi and Italian Minister of Infrastructure and Transport Graziano Delrio in the European country’s capital Rome on Thursday.
Italy’s state railroads company is scheduled to sign a contract to build a 100-km stretch of high-speed rail between Qom and Arak in February 2017, the UAE-based news portal Emirates Business reported, citing Reuters.
According to Ferrovie dello Stato's CEO Renato Mazzoncini, this contract is worth about €1 billion ($1.1 billion)
The second part of the agreement worth €3 billion pertains to the construction of a 260-kilometer high-speed rail between Tehran and Hamedan, which is expected to start in May 2017.
Discussions for the two projects were initiated during the April visit of Italian Prime Minister Matteo Renzi to Tehran at the head of a business delegation.
Akhoundi says Delrio is planning to make a visit to Iran in December to follow up on the projects.

Short URL : http://goo.gl/7JWQsI
  1. http://goo.gl/9HLcPO
  • http://goo.gl/EbZc0t
  • http://goo.gl/osjHyS
  • http://goo.gl/SIgKzt
  • http://goo.gl/27f09i

You can also read ...

FAO Forecasts Iran’s Cereal Output to Rise 12% in 2018
Despite autumn dryness, crop conditions recovered in Iran and...
Iran's Summer Box-Office Revenues Exceed $5 Million
Iran’s box-office revenues exceeded 610 billion rials ($5.19...
Hot Autumn for Tehran Stocks
Tehran stocks rose solidly on Sunday, recording another all...
Iran Housing Market Bracing for Double-Dip Recession: Aug-Sep 2018 Report
New data show property deals in Iran are on a downward...
Mobile Internet Services Get Costlier in Iran
Major mobile operators MTN-Irancell and Mobile...
Iran Agrifood Exports Rise 27% to Record High of $2.6 Billion
Around 2.94 million tons of agricultural and food products...
SCI Puts Iran's YOY Inflation at 25.7%
The goods and services Consumer Price Index for the month...
Iran's Trade With Italy Tops $590m
Iran traded 389,963 tons of non-oil commodities worth $594.82...

Trending

Googleplus