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Indians to invest $2b in Iran ports, railway projects

Insert Date : 2018-02-19
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Minister of Roads and Urban Development Abbas Akhoundi says Indians will invest two billion dollars in Iranian port and railway projects. Akhoundi, who is on a visit to New Delhi as a member of the delegation accompanying President Hassan Rouhani, said the initial agreement for the investment has been reached. He said many issues pertinent to ports and railway will be finalized in the visit of the president to India and total amount of the joint investment in the two areas will reach about two billion dollars. He said one more important point in railway project with Indians is joint construction of locomotives. ‘Early agreement has been reached with Indians for joint construction cargo locomotives.’ Akhoundi said railway construction in Isfahan foundry with 300,000 ton/year capacity is among measures taken in railway field in partnership with Indians and the agreement will be finalized during the ongoing visit.

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