Italian investors interested in Iran’s railway projects
Baku, Azerbaijan, Feb. 27
By Fatih Karimov – Trend:
Italian investors are interested in participating in Iran’s railway and highway projects, Kheirollah Khademi, deputy minister of roads and urban development of Iran, said.
He made the remarks following a meeting with an Italian economic delegation in Tehran, IRIB news agency reported Feb. 27.
Iran is ready to cooperate with other countries, in particular in project financing, Khademi said.
He cited a highway construction deal and a high-speed train project between Iran and Italy as the examples of mutual cooperation.
Last year, ANAS, an Italian highway agency, signed a $4-billion deal with Iran to build a 1,200-km highway through the country, linking the Bandar Imam Khomeini Port on the Persian Gulf to the northern border with Turkey at Bazargan, passing through the city of Tabriz.
The highway’s first 350-km section will be completed by 2022.
In July 2016, Iranian Minister of Road and Urban Development Abbas Akhoundi and his Italian counterpart Graziano Delrio signed a joint statement to begin the high-speed Qom-Arak train project in March 2017 and the high-speed Tehran-Hamadan train project in May 2017.