The Italian public railway company Ferrovie dello Stato (FS) and the state-owned Islamic Republic of Iran Railways (RAI) signed a memorandum of understanding to develop two high-speed rail lines in Iran and to train Iranian rail staff.
The agreement for the deal worth up to five billion euros was signed in Tehran by Deputy Transport Minister Mohsen Pour Seyed Aghaei, who is also the president of RAI, and by FS CEO Renato Mazzoncini.
FS will design and build two high-speed rail lines, one connecting Tehran to the city of Hamadan, the other linking the industrial cities of Arak and Qom.
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