24 - 26 Sep 2018

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MP: China interested in investing in Iran's infrastructural projects

China hasvoiced willingness to invest in the lucrative projects of Iran'sinfrastructural sector, said the chairman of Iranian Parliament's NationalSecurity and Foreign Policy Commission.

According to Fars NewsAgency, Alaeddin Boroujerdi said on Monday following a three-day visit by anIranian parliamentary delegation to China, "The Chinese have repeatedlystressed their support for the (2015) nuclear deal (between Tehran and theworld powers) and their opposition to the US approach to the deal."

He noted, "Inmeetings with Chinese officials, we discussed infrastructural railway projectswhich are a priority in transportation between cities and the Chinese haveannounced their willingness to invest in such projects."

Boroujerdi said thatBeijing is ready to implement important projects in Iran, such as theTehran-Mashhad and Tehran-Tabriz railway lines for high-speed trains.

His remarks came asreports said in January that the trade exchanges between Iran and Chinaincreased 20.5 percent in the first 11 months of 2017, showing a positive trendfor both countries.

Chinese Ambassador toIran Pang Sen said that cooperation between the two countries within theframework of the Chinese initiative 'One Belt, One Road' on transportation,oil, gas, petrochemical, metallurgy, construction and infrastructure isincreasing.

The initiative,introduced by China President Xi Jinping in 2013, is aimed at developingrelations and connectivity among countries through restoring the ancient SilkRoad.

"Iran and China, astwo important countries located along the Silk Road, are involved in mutualcooperation," Sen said.

He put the trade figurebetween Iran and China in the first 11 months of 2017 at $33.66 billion whichindicates a 20.5-percent increase from the amount for the same period a yearearlier.

Currently, oil, gas and petrochemicals areIran's top exports to China.

Source: Iran Daily/IRNA

Published: 02/12/18