Young Journalists Club | Latest news of Iran and world

News ID: 11113
Iran » Iran
Publish Date: 10:04 - 14 July 2017
TEHRAN, July 14, YJC - Iran and Italy signed an agreement worth 1.2 billion euro on developing high-speed rail line in a meeting between heads of the two countries railroad organizations.

Italy, Iran sign 1.2 bln euro high-speed rail dealTEHRAN, Young Journalists Club (YJC) - The deal based on which Iran’s Qom Province would be connected to Markazai Province, both in central Iran, would be implemented next year.

The deal was signed between CEO of Ferrovie dello Stato (FS) Renato Mazzoncini and head of Iranian Railway Company Saeed Mohammadzadeh in Tehran on Tuesday for the first stretch of a high-speed rail line which FS plans to build in Iran.

The other link is to be built between Tehran and Hamadan, with the overall deal worth 5 billion euros which Ferrovie initially signed under a framework agreement when former Italian Prime Minister Matteo Renzi visited Tehran with a delegation of business leaders last April.

The Italian group has also been connected with the planning and construction of a high-speed rail corridor between Tehran, Qom and Isfahan, and electrification of the rail link between Tehran and Tabriz on the way to the Caucasus and Turkey.

The deal foresees FS supplying assistance to the Iranian railways for both high-speed and conventional rail lines, including a complete program for training personnel.

Iran plans to invest $25 billion over the next 10 years in the modernization and expansion of its railway network, stretching out its railroad line to 25,000 kilometers by 2025 from under 15,000 kilometers now.

FS will supply assistance to the Iranian railways for both high-speed and conventional rail lines, including a complete program for training personnel, the company said at the time.

The group has also been connected with the planning and construction of a high-speed rail corridor between Tehran, Qom and Isfahan, and electrification of the rail link between Tehran and Tabriz on the way to the Caucasus and Turkey.

Iran and Italy have signed deals potentially worth billions in sectors including energy, railways and defense.

Iranian Foreign Minister Mohammad Javad Zarif and Italian Prime Minister Paolo Gentiloni in a meeting in Rome late June discussed ways of broadening mutual cooperation.

During the meeting in the Italian capital, Zarif and Gentiloni explored avenues for bolstering and reinvigorating bilateral relations.

The two sides also reviewed regional and international relations.

Zarif voiced Iran’s interest in expansion of economic cooperation with Italy.

 

Tags
Italy ، Iran ، deal
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