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.



[caption id="" align="alignnone" width="650"] 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.[/caption]



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.