Iranian Railways Attracts €17bn of Foreign Investment

23 August 2009 (Last Updated August 23rd, 2009 18:30)

Iran has signed €17bn ($24bn) worth of agreements with foreign investors to invest in its rail network, according to the country's transport minister . Iran's Mehr News Agency cited roads and transportation minister Hamid Behbahani as saying that if these projects go ahead, 10,000k

Iran has signed €17bn ($24bn) worth of agreements with foreign investors to invest in its rail network, according to the country's transport minister .

Iran's Mehr News Agency cited roads and transportation minister Hamid Behbahani as saying that if these projects go ahead, 10,000km will be added to the country's railway network.

"Such a huge investment could jumpstart Iran's railroad industry," Behbahani said .