Caspian Energy Journal Caspian European Club
Monday, 22 October 2018 13:00

Railroads development requires €20 billion investment

In order to provide the infrastructure needed for railways of the country by 1400 (2021), Iran needs 20 billion euros of investment, Director General of the railways organization of the Islamic Republic of Iran Saeed Mohammadzadeh said on Sunday at a meeting of investment and financing opportunities in the country's railroad transportation sector. “According to the plans, 54% of this investment is provided by the private sector and 46% by the government and the private sector” he said, Caspian Energy News ( reports with reference to IRNA.

Deputy Director for Planning and Investments of the Islamic Republic of Iran Railways Nourollah Beiranwand also said at the meeting, according to the plan, by 1400, the capacity of the cargo transportation on the rail network of the country should be 186,400,000 tons, and the amount of transits of goods by rail should be annually up to 8,600,000.

Nourollah Beiranwand added that at the end of the Sixth Development Plan, the passenger capacity of the rail network of the country will also surpass 130 million passengers annually.

More details:

Person in charge of the newsline: Olga Nagiyeva 

Read 717 times