Home Industry Italy expects to sign $1.1bn Iran high-speed rail deal in Feb 2017 The contract is for the roughly 100 km-stretch between Qom and Arak by Reuters July 14, 2016 Italy’s state railways company expects to sign a contract to build the first stretch of a high-speed rail line in Iran in February 2017, its chief executive said on Thursday. The contract for the roughly 100 km-stretch between Qom and Arak is worth about 1bn euros ($1.1bn), Ferrovie dello Stato chief Renato Mazzoncini said at an event in Rome. Ferrovie signed a framework agreement to build two high-speed lines in Iran when Italian Prime Minister Matteo Renzi visited Tehran with a delegation of business leaders in April. Mazzoncini said the overall deal would be worth about 4bn euros. 0 Comments