Iranian Railroad Company’s Director General for International Affairs Abbas Nazari said Tehran and Rome are in negotiations over Italy’s investment in two rail projects in the Islamic Republic worth 4 billion euros.
“We are in dialogue with Italian investors about Qom-Arak and Tehran-Hamedan high-speed railroad lines and the needed fleet (of trains),” Nazari told reporters in Tehran.
He said China has also announced its readiness to finance the Tehran-Mashhad and Tehran-Isfahan railroad projects.
The official added that 85 percent of the investment in the projects is planned to be provided through finance.
Nazari also said political talks on construction of a 2,000-kilometer railroad line connecting Iran and China have concluded.