Iran, Italy Agree on Hi-Tech Train Project

The two sides signed a joint statement to begin a high-speed train project between Qom-Arak with a length 146 kilometers as of March 2017 and a high-speed train project between Tehran-Hamadan for 260 kilometers in May 2017.

"We had successful talks with the Italian minister on cooperation in infrastructure affairs including road, rail, air and maritime and we defined different projects and determined time table for them," Akhoundi said after meeting with his Italian counterpart.

In a relevant development on Thursday, Iranian and Italian officials in a meeting in Sari signed four memoranda of understanding (MoUs) to further expand their mutual cooperation in different areas, specially in trade and economic fields.

The MoUs were signed at the presence of governors of Iran's Mazandaran Province and Italy's Marche province.

Marche Governor Luca Ceriscioli is on a visit to Tehran. He is accompanied by a 50-member trade delegation comprising 43 CEOs, manager of an Italian bank and chancellors of two Italian universities.

In mid-April, Iran and Italy signed 12 contracts to boost their cooperation in trade and economic fields.

Chairman of Iran-Italy Chamber of Commerce, Industry and Mines Ahmad Pourfallah said the agreements were signed in the presence of Italian Prime Minister Matteo Renzi and Iranian Minister of Industry, Mine and Trade, Mohammadreza Nematzadeh.

He said negotiations are also underway between Iranian and Italian trade delegations to discuss further cooperation in economy, trade and banking.

According to the official, the discussions include cooperation in oil, gas, electricity, power plant, steel, textile, fashion, car, infrastructure, urban planning and architecture, telecommunication, railway, airport construction, shipping, refinery, and petrochemicals.

He said the Italian economic delegation, including 70 economic firms, is the ninth delegation which traveled to Iran after the nuclear deal and the lifting of sanctions.

A day earlier, Iranian President Hassan Rouhani had reiterated the need for the timely and precise implementation of the nuclear agreement by the world powers.

"The nuclear agreement between Iran and the Group 5+1 (the US, Russia, Britain, France and China plus Germany) was a success for all countries which believe that talks is the solution to the international problems and we should well protect the achievements of this agreement so that all people opt for the path of talks as a role model to settle the problems in the world," Rouhani said, addressing a meeting between high-raking Iranian and Italian delegations, also attended by Italian Prime Minister Matteo Renzi, in Tehran.

He underscored the importance of precise and timely implementation of all undertakings accepted by the other side in the nuclear agreement with Iran.

President Rouhani also appreciated Italy for its good will and supports during the Iran-G5+1 talks.

Source: Farsnews