Iranian Railways Needs Foreign Investment

Iran has inked €17 billion in rail investments with foreign firms, aiming to expand its railway network by 10,000 kilometers and boost the country’s transportation sector.

August 30, 2009 2:05 am | Last Update: August 7, 2015 2:27 am

Iran has signed €17bn ($24bn) worth of agreements with foreign investors to invest in its rail network, according to the country’s transport minister .

Iran’s Mehr News Agency cited roads and transportation minister Hamid Behbahani as saying that if these projects go ahead, 10,000km will be added to the country’s railway network.
“Such a huge investment could jumpstart Iran’s railroad industry,” Behbahani said .

TAGS: Iranian Railways news, Iranian Railways projects, Iranian Railways railway investmens

railwaynews

Railway infrastructure, rolling stock and transport technologies specialist focused on global rail industry developments, high-speed rail systems, signaling technologies and freight transportation. Covering railway investments, public transport modernization, rail operations and international mobility projects across Europe, Asia and North America.