Iran: British company to invest in Arak-Isfahan rail project

iranMohammad Ebrahim Rezaei, who represents the central city of Khomein at the Iranian parliament, was quoted by IRNA as saying that the Iranian Ministry of Road and Urban Development has given the go-ahead to the private British company to take part in the construction of the railroad that will connect two cities of Arak and Isfahan in central Iran, Press TV reports.
He added that a preliminary agreement has been reached with the British company during the current week and in case of a final agreement, the company will implement the entire Arak-Isfahan rail project.
“Even if a final deal is not struck with this company, the first phase of the project, including provision of needed infrastructure, will be implemented in less than two months by the Iranian government and the British company will do the rest,” he said.
The lawmaker noted that this is the first time that a rail project is to be implemented by a foreign investor in Iran.
“Through involvement of the foreign investor, this project will be carried out with no budget constraint and will come on-stream in less than two years,” Rezaei said.
Basic studies on the project have been carried out by relevant experts and it will see a total of 168 kilometers of railroad built between the two cities.

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