Iranian Railways Needs Foreign Investment

30 August 2009 Sunday, 02:05

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 .

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