Iran needs immense foreign investment to expand its rail network, predicts Healy Consultant

Oct. 20, 2015 - PRLog -- The government plans to expand the country’s railway network from the current 15,000 kilometres to cover 25,000 kilometres by 2025.

Iran is currently seeking investors to assist with a US$25 billion investment plan to modernize and expand the country’s rail network. The government is offering a number of incentives in order to lure investors as it seeks to turn into a regional transportation hub by establishing a railway network connecting the Persian Gulf and the subcontinent to Central Asia and beyond.

“We have defined about US$25 billion of rail projects for which we have prepared incentive packages to attract domestic and foreign investment,” Poursaeed-Aqaei the Managing Director of the Islamic Republic of Iran said recently at a press conference.

The push for investment comes amid growing international enthusiasm for trade with Tehran while the country seeks to profit from its coastlines in the Persian Gulf and the Caspian to build an integrated transit route. The International North-South Transport Corridor between India, Russia, Iran, Europe and the Central Asia for freight transportation by ship, rail, and road will join the Silk Road. This will inadvertently connect Iran to Europe and the rest of Asia and increase trade.

The government has expressed interest particularly in the Japanese technology for establishing high-speed rail in order to expand its intercity transportation.

About Healy Consultants

For over a decade, the incorporation experts at Healy Consultants Pte Ltd., with their branch in Iran, have been assisting investors worldwide to set up the optimum corporate structure for doing business in the country. The services offered include company registration, banking solutions, accounting and tax and legal services and corporate support services.

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To inquire more about Iran company setup options and schedule a conference call, email us at email@healyconsultants or call us on +65 6735 0120.