BAKU, Azerbaijan, April 22. Negotiations continue between Iran and Russia to allocate a loan to increase the number of railway vehicles in cooperation with the Railways of Iran (RAI) company, RAI's Deputy for Investment and Transport Economy Nourollah Beiranvand told reporters, Trend reports.
According to him, over the past years, Iran has had a successful experience using the Russian financial system. Thus, this financial experience has been achieved through loans received through the Russian Export Credit and Investment Insurance Agency (EXIAR), and various activities have been completed within the framework of projects.
Beiranvand said that currently, the number of railway vehicles in Iran is planned to be increased with a loan from Roseximbank. The planned $50 million loan may be increased upon agreement between the two parties.
The company official noted that the loan in question will be directed to the purchase of railway vehicles by local investors.
“Russian companies are in contact with local Iranian manufacturers; they have a cooperation agreement to implement a new joint project and can export their products to other countries. The RAI is only supervising the simplification of regulations in this regard. The loan in question will not be given to the government and will be paid directly to the private sector,” he pointed out.
Beiranvand said that the loan in question is a loan allocated by Russia to the private sector of Iran, and the Iranian side is currently holding discussions with other countries.
To note, on April 20, 2025, a memorandum was signed between the Iranian Railways Company and two local companies for the purchase of more than 2,000 vehicles worth $750 million.
The length of railway lines in Iran is 14,984 kilometers, while 993 locomotives, 29,950 freight cars, and 2,178 passenger cars operate the country's railway lines.
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