Italy to join railway construction projects in Iran

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A senior official in Islamic Republic of Iran Railways Abbas Nazari said Italy is join two railway construction projects in Iran.

Director General of the Organization for International Affairs Abbas Nazari said based on an agreement signed with Italian companies, they are to contribute in construction of flash trains travelling between the cities of Qom and Arak and also between Tehran and Hamedan.

He said Iran and Italy are also to cooperate in building an engine test center in Tehran and setting up training courses.

According to the official, the projects are to receive insurance coverage from Italy’s Sace Company.

Iranian officials had already announced that Italian insurance agency Servizi Assicurativi del Commercio Estero (SACE) is ready to cover Tehran-Rome deals up to an unlimited ceiling.

Italian Prime Minister Matteo Renzi, heading a 250-member political and economic delegation, arrived in Tehran on April 12.

Executive Manager of Iran-Italy Chamber of Commerce, Industry and Mines said that 12 contracts and pre-contracts were signed in the presence of Italian PM and Iranian Minister of Industry, Mine and Trade, Mohammadreza Nematzadeh on Wednesday.

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