Italy ready to cooperate with Iran in railway projects

Tehran, April 14, The Iran Project – Chief executive of the Italian Railway company has expressed the country’s readiness to cooperate with Iran on railway expansion.

In a meeting with Iran’s RAI Managing Director Mohsen Poursaeed-Aqaei on Thursday, Renato Mazzoncini, the CEO of the Italian Railway company has announced its readiness to supply assistance to the Iranian railways for both high-speed trains, and a complete program for training personnel.

During the meeting, RAI Managing Director Mohsen Poursaeed-Aqaei also introduced the country’s railroad and rail projects, and stressed on their importance.

Referring to the importance of transit railway and its development in the country, Iran’s railway official announced its readiness to cooperate with Italy in all rail sectors.

On the other hand, Mazzoncini declared its readiness to cooperate with Iran’s railway in all fields, especially holding technical training courses, he also announced that Italy’s Railway Company will provide Iran with low interest rates loans.

Iranian President Hassan Rouhani (4th L) and Italian Prime Minister Matteo Renzi (4th R) attend a meeting of high-ranking delegations of Iran and Italy in Tehran on April 12, 2016. © president.ir

Iranian President Hassan Rouhani (4th L) and Italian Prime Minister Matteo Renzi (4th R) attend a meeting of high-ranking delegations of Iran and Italy in Tehran on April 12, 2016.

It is worth mentioning that Iran’s president Hassan Rouhani and Italy’s Prime Minister signed documents for cooperation in various fields, especially railway sector, on Tuesday.

Iran signed an agreement, including 5 billion euros in export credits from Italy, to expand and modernize its rail network during a meeting of traders chaired by Italy’s Minister of Infrastructure and Transport Graziano Delrio and his Iranian counterpart Abbas Akhoundi in Tehran on February.

Italy was one of Iran’s leading economic and trade partners before sanctions when annual exchanges amounted to 7 billion euros compared with $1.6 billion euros now.