Official calls for setting up rail leasing co.

TEHRAN, Jul. 16 (MNA) – Deputy CEO of the Islamic Republic of Iran Railways Company for Planning and Economic Affairs Nourollah Beiranvand said that 40,000 billion rials worth of capital will be financed for two giant railway projects in the country.

Investing development projects should be accelerated in the country, he said, adding, “like other developed and advanced countries, huge investment should be made in the country for developing and promoting railway sector of the country.”

He pointed to the key role of private sector in the country and called on officials in the public sector to cooperate and collaborate with the private sector in materializing most economic objectives of the country.

Investing in the field of Transit Oriented Development (TOD) is a clear example of attempts made  by the Islamic Republic of Iran Railways, he said, adding, “effective steps have been taken in the current year (started March 21, 2018) and it is hoped that two railway projects in the country will be put into operation, costing 40,000 billion rials.

Setting up financing institutions such as leasing companies in cooperation with the National Development Fund of Iran (NDFI) is of the other strategies of the company, he said, adding, “fortunately, a comprehensive package has been compiled in this respect.”

In conclusion, he once again pointed to the key role private sector in launching railway projects in the country and called on officials in the public sector to cooperate with the private sector activists in order to materialize most economic objectives of the railway company.

MA/IRN4348407

News Code 135764

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