Iran intends to invest USD 8 billion over the next six years to revamp and expand its railway network, Minister of Industry, Mine and Trade Mohammad Reza Netmatzadeh said, quoted by presstv.ir. Netmatzadeh said there was need for USD 1.5 billion of annual investment in the next six years as part of the country’s vision plan.
There are plans to stretch out the nationwide railway line to 25,000 kilometers by 2025 from under 15,000 kilometers now.
“My advice is that building 25,000 kilometers of rail and expanding passenger and cargo transit is achievable,” Netmatzadeh said.
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