A senior Islamic Republic of Iran Railways (IRIR) official said financing railway projects through public-private partnership, foreign direct investment and leasing are among methods to cooperate with foreign investors.
Iran is negotiating with a number of foreign companies to provide signaling systems for railway network, including high-speed Tehran-Tabriz railway, said a deputy head of Islamic Republic of Iran Railways (IRIR).
Development in Argentina in the second half of the 19th century and the first half of the 20th century was closely tied to that of the railway. The eighth largest country in the world, Argentina’s economy grew through exporting agricultural and livestock products, and the railways were key to founding centers of population and transporting goods to the ports.
Iranian Railway Company and Spain's Railway Infrastructure Management State Company signed a memorandum of understanding to expand cooperation in rail traffic management and modernization of signaling system as well as railway transportation network communication.
Russian Railways' export business RZD International and Islamic Republic of Iran Railways (IRIR) signed a €1.2-billion contract for the electrification of the 495 km route from Garmsar, Semnan Province on the Tehran–Mashhad main line to Incheh-Borun on the border with Turkmenistan.
Despite tight budget and little investment, the government was able to raise the share of railways in cargo transportation in Iran, setting the stage for achieving the ambitious targets of the sixth five-year development plan (2017-22).
Azerbaijan has expressed interest in investing in the construction of a freight terminal at an under-construction rail station in the Iranian city of Astara, as part of the North-South Transport Corridor, a high-ranking Iranian railway official said.