Iranian Railways Company inks €1b deal to expand infrastructure



TEHRAN – The Iranian Railways Company has inked a deal, worth €1 billion, with the National Development Fund and the Ministry of Industry, Mine, and Trade to boost rail infrastructures, ISNA quoted Railways Company’s managing director Abdol-Ali Saheb-Mohammadi as saying.

He added that the company has the potential to build 350 kilometers of railroads per year.
Some 11,000 kilometers of railroads are being built across the country, he noted.
Roughly 420 kilometers of railroad will be constructed by the end of the Iranian calendar year (March 20, 2013), Saheb-Mohammadi further said.
Some 25,000 kilometers of railway is in operation across the country, the deputy roads and urban development minister Ahmad Sadeqi has said. He added that by the next two years all the country’s provinces will be connected together through the railroad network.