Ferrovie dello Stato Italiane

"The deputy head of Iran Railways announced today that a $2.4bn letter of credit was ready to be drawn for work on the high-speed rail line between Tehran and Isfahan, the Mehr News Agency reports. Noorollah Beyranvand said the money, being loaned by the Export-Import Bank of China, was ready to be paid to China Railway Engineering Corporation (CREC), the company due to carry out the work. Other companies involved are Khatam Al-Anbia Construction, which is owned by Iran’s Revolutionary Guard, Germany’s Siemens, and Italferr, the consulting arm the Italian national rail operator Ferrovie dello Stato." (Global Construction Review, "Iran to draw $2.4bn Chinese credit line for Tehran-Isfahan high-speed railway," 6/10/19).

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"Iran’s state rail company and its Italian counterpart signed a final agreement worth 1.2 billion euros ($1.37 billion) on Tuesday to build a high-speed railway between the cities of Qom and Arak, the Fars news agency reported. The agreement was signed in a ceremony in Tehran attended by Saeed Mohammadzadeh, head of the Islamic Republic of Iran Railways, and Renato Mazzoncini, CEO of Italy’s state rail company Ferrovie dello Stato (FS)." (July 2017)

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"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< between Qom and Arak is worth about 1bn euros ($1.1bn), Ferrovie  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." (Reuters,Italy Expects to sign $1.1bn Iran high-speed rail deal in Feb 2017," 7/14/2016.) 

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FDSI’s attended the Iran Rail Expo 2016, during which Mr. Aghaei “visited the Italian State Railways’ stand.” (FDSI website, “Press Releases,” 5/16/2016).

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"Italy's state railway company, Ferrovie Stato (FS), signed an agreement with its Iranian counterpart on Tuesday to develop Iran's rail system, Ferrovie said. Foreign firms are keen to exploit opportunities in Iran after the country emerged from years of economic isolation last month when nuclear-related sanctions were lifted. Ferrovie Chief Executive Renato Mazzoncini signed the agreement with Iranian Deputy Transport Minister and railway chief Mohsen Pour Sayed Aghaei during the third mission of Italian businesses to Tehran in recent months. The deal includes up to 5 billion euros ($5.65 billion) in export credits from Italy for Iran's RAI railway company, a statement from Ferrovie said. 'The FS group will supply assistance to the Iranian railways .. for both high-speed and conventional rail lines, including a complete programme for training personnel,' it said. It said FS will be on the 'frontline' for the planning and construction of high-speed rail links between the Iranian cities of Tehran and Hamadan, and between Arak and Qom. Iran is seeking to expand its rail network to 25,000 km (15,500 miles) from 10,000 currently, with 7,500 km already under construction, the statement said." (Reuters, “Italy's state train company to help Iran develop rail system,” 2/9/2016)