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Iran’s private sector to invest $4 billion in rail project

Business Materials 18 December 2011 11:28 (UTC +04:00)

Azerbaijan, Baku, Dec. 18 / Trend F.Milad/

An Iranian private sector entity will invest up to 40 trillion rials (some $4 billion) in the Tehran-Mashhad express train project, the roads and urban development minister said.

Speaking to the Fars news agency, Ali Nikzad added that the project would enable trains to raise speed to 200 kilometers per hour. He said that the project will be signed within two years.


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