Iran to invest USD 5 billion in rail infrastructure

“In the next four years, USD 5 billion will be invested in the development of rail transport infrastructure”, Saeed Mohammadzadeh, Iranian Deputy Minister of Roads and Urban Development announced.
Over the past four years, more than USD 2.1 billion were invested in rail infrastructure projects.
In 2017, Iran saved USD 250 million in fuel consumption, in the rail transport sector.
Deputy minister Mohammadzadeh noted that Iran experienced a successful business in 2017, when the European Union exported USD 11 billion to Iran and from Iran, towards EU countries USD 10 billion freight volumes were exported.
“The government and parliament of the Islamic Republic of Iran have made special decisions for the development of rail transport, and Iran is ready to invest USD 17 billion in this area, in the long term”, Mohammadzadeh futher said. Out of this amount, USD 5 billion will be invested up to 2022.
Referring to the fact that Iran has a privileged position due to having a waterfront and extensive land borders and having several free trade areas, especially in the Persian Gulf and located on the main transit corridors, the Deputy minister said that “Iran as a potential trade-logistical country for the world and for the entire region. In this context, there are many plans and investments in our country. The railways of the entire Persian Gulf region should be a unitary transport network and they should be seamlessly managed, as well as they should benefit fromuniform and coordinated management, in which case we will be able to obtain higher productivity and more efficiency from our total investments”.
Iran can reach an integrated and coordinated management network in order to gain access to high-efficiency, because having joint transport goals in the region can indeed help developing new partnerships.
“According to this, railway engineering will be one of the key technologies that will influence the roadmap for the development of Iran”, Deputy minister Mohammadzadeh added.

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