Tehran (IP) - Iran's Minister of Road and Urban Development voiced his country's readiness to attract foreign investments to develop transportation.

Iran Press/Iran News: Referring to the opportunities for foreign investment in the country's railway sector in the new year, Mohammad Eslami said on Monday that foreign investment was now conceivable for the country's rail transport industry in the field of infrastructure.

In the infrastructure sector, he said, agreements and contracts were previously signed with foreign countries to finance and develop Iran's rail transportation industry, but the investments were hampered by the problems created due to the US sanctions.

"It is very important for us that the Iranian railway becomes an international one, that is why we joined the International Union of Railways (UIC) and that we became a member of the Commonwealth Nations, and through the agreements, we have signed with other countries to establish common procedures and tariffs, the grounds have been prepared for a more advanced and efficient railway," he noted.

Mohammad Eslami said in the Persian Year 1400, the supply of trains with a speed of 300 kilometers per hour was on the ministry's agenda, expressing hope for high-speed and safe railway transportation in the global routes.


Read More:

Iran, Iraq seeking to connect Shalamcheh railway to Basra

North-South Corridor; fastest, cheapest route between Asia, Europe: Rail official

Iran-Turkmenistan border wide railroad bridge inaugurated