Railroads Development Require €20bn Investment

Date: 21 October 2018 - 21:54

News ID: ۵۸۷۷۵

TEHRAN (Dispatches) - The director general of Railways Organization of the Islamic Republic of Iran Saeed Mohammadzadeh said on Sunday that 20 billion euros of investment is needed to provide the infrastructure for railways of the country.
Addressing a meeting of investment and financing opportunities in the country's railroad transportation sector, Mohammadzadeh added, "According to the plans, 54% of this investment is provided by the private sector and 46% by the government and the private sector.”

The official said, "Achieving a 20% share of freight and 30% passenger transportation by 1400 is the most important priority of the Islamic Republic of Iran Railways in developing the rail transport network.”

He also said, according to the plan, by 1400, the capacity of the cargo transportation on the rail network of the country should be 186,400,000 tons, and the amount of transits of goods by rail should be annually up to 8,600,000.