The Islamic Republic of Iran Railways (IRIR) will sign the 1.2-billion euro ($1.36 billion) deal with Italy's state railroad company on July 11, said the report in Iranian daily Financial Tribune.
During the upcoming visit of Renato Mazzoncini, the Chief Executive Officer of Italy's state railroad company, two other deals will also be signed on setting up training courses for IRIR personnel, Xinhua news agency cited the report as saying.
In February, Iran and Italy signed a preliminary agreement to develop the railroad system of the Islamic country, which says Italy will provide up to 5 billion euros in export credits to Tehran.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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