Baku, Azerbaijan, Jan. 17
By Farhad Daneshvar – Trend:
The implementation of the Joint Comprehensive Plan of Action (JCPOA/nuclear deal) has created opportunities for making an investment worth of 10B euros into the country's railways, a senior transportation official said.
Abbas Nazari, the director general for international affairs at Iran’s
Railways, has said that increasing the volume of investment in the country’s railways and developing railways electrification systems are on his organization’s agenda, IRNA news agency reported.
The official said that there are talks underway with several Italian
companies on a deal worth of four billion euros for building a high-speed train line between two central Iranian cities of Arak and Qom.
He added that Iran and Italy in the meantime are planning to launch a
project for connecting the capital city of Tehran to the western city of
Hamedan through a high-speed rail line.
He further added that a group of Chinese companies are currently cooperating with Iran on the construction of Tehran-Esfahan high-speed rail under a $2.2 billion contract.
According to the official, Iran and China are currently in talks over
another contract worth of 1.7 billion euros on a project for the
electrification of Tehran-Mashhad railway.
Nazari also touched upon Russisa’s decision on opening a five-billion euro credit line for launching projects in Iran and said the Islamic Republic plans to allocate a part of the amount for developing Garmsar-Incheh Borun railway along the country’s border area with Turkmenistan.
The electrification of Garmsar-Incheh Borun railway is projected to cost about 1.2 billion euros.
According to the official, the country eyes launching and finalizing a
number of other railway projects in the future.
Iran and the P5+1 group of countries finalized a deal on Iran’s nuclear
program (JCPOA) in July 2015.
The landmark deal was implemented in Jan 2016 easing international sanction on the Islamic Republic over its nuclear program in return for curbing the country’s nuclear activity.
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