IRAN: Three co-operation agreements were signed in Tehran on July 11 by CEO of Italy’s national railway group FS Renato Mazzoncini and Islamic Republic of Iran Railways President Saeed Mohammadzadeh.
The first agreement is potentially worth €1·2bn and covers the provision of design and construction services for the planned Qom – Arak high speed line, subject to the finalisation of Italian export credits.
The second agreement was signed by FS Group, RAI and Iran University of Science & Technology and covers staff training. The third agreement covers technical co-operation with the university.
The deals build on preliminary agreements signed when Iran’s President Rouhani visited Italy in January 2016.