Trend cited Mr Ahmad Sadeqi deputy roads and urban development minister of Iraq as saying that Iran will double the length of its national railway to 20,000 kilometres in the near future.
Currently, some 10,000 kilometres of railway lines are operating across the country. Over 3500 kilometres of highways are being built in the country.
Mr Sadeqi said that in February, Iran sold IRR 7 trillion bonds to expand its roads and transportation infrastructures. The earnings will be spent to expand railways, major and minor roads across the country.
Last year, 54 railway freeway and highway projects were implemented at a cost of 30 trillion rials using revenues earned through selling bonds.
He pointed out to financing 50% of the projects through selling bonds and added that IRR 23 trillion is needed annually to implement road transport expansion projects in the country.