Iran’s private sector to invest $4 billion in rail project

TEHRAN,Dec.19(MNA)-- An Iranian private sector entity will invest up to 40 trillion rials (some $4 billion) in the Tehran-Mashhad express train project, the roads and urban development minister said. Ali Nikzad added that the project would allow trains to raise speed to 200 kilometers per hour. He said that the signaling project would be implemented within two years.