Wednesday, June 21, 2017

Iran targets 6,500km of new railroads in 5 years

Iran plans to construct 6,500 km of railroads by 2022, the head of International Transportation Office at Iranian Railways was quoted as saying in a media report.

The figure also includes underdeveloped projects, while the construction of further 3,500 km of railroads after 2022 is currently under study, Hossein Ashouri was quoted in an Iran Daily report, which cited Trend News Agency.

In the past four years, Iran invested $1 billion each year on railroad projects, and for the next five years the figure would reach $1.5 to $2 billion annually, general director of Islamic republic of Iranian Railways Saeed Mohammadzadeh was quoted as saying earlier.

Currently, Iran's railroad network extends to 10,170 km, the report said.

One of the railroad projects is the 175-km Rasht-Astara segment, which would require an investment of $1.1billion. Upon completion, the North-South Transport Corridor will become fully operational.

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