Iran holds talks on financing railway projects
Iran is negotiating with a number of foreign companies to provide signaling systems for railway network, including highspeed Tehran-tabriz railway, said a deputy head of Islamic Republic of Iran Railways (IRIR).
Nourollah Beiranvand, IRIR’S deputy head for planning and transport affairs, further elaborated on Germany’s threebillion-euro and Japan’s 10-billion-dollar contracts with Iran noting Germany’s €3-billion finance includes a series of proposed packages of different projects, IRNA reported.
German finance, he said will be used for supplying diesel and electric locomotives from Siemens as well as providing signaling system and communications for high-speed railway and building Isfahan express line and electric locomotive for Tehran-mashhad railway.
He added that the Germans had proposed to supply passenger wagons but IRIR has called for the production of wagons in Iran.
Turning to the Japanese $10-billion finance, Beiranvand said that negotiations are underway on providing signaling systems for railway network.
He said that Iran is interested in Japanese participation in express railway project and other infrastructural projects throughout the country.
Beiranvand said that the contract to electrify Garmsar-inche Boroun railway has been finalized and the operation will begin once an inter-banking agreement is finalized.