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Today 14:22
Private sector to invest $290m in Iran’s rail fleet modernization
TEHRAN – Two Iranian companies have signed investment contracts worth 145 trillion rials (about $290 million) to modernize and build railway rolling stock, in a deal signed in the presence of Transport and Urban Development Minister Farzaneh Sadegh and the head of Iran Railways, Jabbar-Ali Zakari.
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2025-07-20 12:49
RAI signs $176m railway investment agreement to upgrade passenger fleet
TEHRAN – The Islamic Republic of Iran Railways (known as RAI) signed an investment agreement worth 882 trillion rials (approximately $176 million) with Raja Rail Transportation Company and Rail Tarabar Saba Company to develop and upgrade the country’s passenger rail fleet.