Minister: Iran to Set Up Joint Rail Transport Firms
TEHRAN (FNA)- Iran’s Road and Urban Development Minister Mohammad Eslami said Tehran has inked agreements with foreign countries to establish joint rail transport companies.
Eslami said on Monday that Iran has concluded agreements with some foreign countries to form joint rail transport companies, adding, “Iran had made agreements and memoranda of understanding with foreign countries to finance and develop railway transportation, but investments were hurt by US sanctions.”
“By establishing these firms, Iran will enable its trains to pass across other countries,” he went on to say.
The minister noted that Iran has planned to have a more advanced and more efficient railway system by joining International Union of Railways and Commonwealth of Nations and signing agreements to adopt joint procedures and tariffs.
In relevant remarks in last July, Mohammad Eslami said the country’s railway network will double its length in five years as it continues to encourage increased rail freight services.
“14,000 kilometers of railway are either under construction or being planned which by building this amount, we will reach 28,000 kilometers of railways within the next five years,” he said.