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Khorassan province of Iran signs euro 150 million deal with Burgenland province of Austria

Vienna, July 20, IRNA -- Iranian delegation from Khorassan province on Tuesday signed euro 150 million worth agreement with Austrian officials from Burgenland province.

Governor General of Khorassan province Hassan Rassouli led the Iranian delegation to Austria.

The delegation comprises of six officials and 24 businessmen.

Rassouli told IRNA that Khorassan province has decided to develop cooperation with the Austrian province of Burgenland in line with the government's strategy to utilize the diplomatic relations for economic cooperation.

"Austria has adopted independent approach toward Iran and has special status within the European Union in light of its geographical situation in Europe and the Islamic Republic of Iran is keen on economic cooperation with Austria," Rassouli said.

"Currently, trade between Iran and Austria stands at dlrs 300 million. Iran and the Austrian partner are working out a project on transfer of Iranian gas to Europe via Austria. Austria is the best choice for the purpose since it is located in central Europe," the governor general said.

Asked to comment on background of cooperation between Khorassan province and Burgenland province, Rassouli said that Austrian delegation led by Governor General of Burgenland province Hans Niessl visited the Iranian province last March and they got acquainted with the potentials of Khorassan. The Iranian delegation is currently paying visit to Burgenland at the invitation of Mr. Niessl, Rassouli said.

Rassouli said that the Austrian companies have voiced interest in developing Iranian railway infrastructure and Khorassan province has a plan to launch high speed train between Tehran and Mashhad on a joint venture with foreign partners.

"The 900 km railway to launch Tehran-Mashhad high speed train needs about dlrs six billion joint venture investment. The project would be completed within four or five years," Rassouli said.

... Payvand News - 7/20/04 ... --

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