Iran news: In an exclusive interview with Iran Press on Sunday, the head of Iran's national railway network, Saeed Mohammadzadeh said: "An important point about railway transportation is a collection of legal packages which the Iranian Parliament has approved in connection with the national railway network. These are common laws."
He also added that there are some points worth discussing about these laws.
The head of Islamic Republic of Iran Railways said: "First of all, investment in railway transportation is similar to investment in lesser-developed regions of the country. Secondly, this legislation has a number of built-in incentives to attract investors. For example, low interest finance, and a period for repayment of the loan which is suitable for both foreign and domestic investors."
"The legislation which has been passed by the parliament (Majlis) has allowed us to provide foreign investors with guarantees. And also the legislation allows both domestic and foreign investors to be exempt from providing certain letters of guarantee in many instances," he added. 211/204
Read more:
Iran, Republic of Azerbaijan discuss Rasht-Astara railway
Russia kicks off railroad electrification project in Iran
Railway official: Foreign companies remain committed to their agreements with Iran
