Chinese companies plan to invest in a Tram project to be constructed in the Northwestern Iranian city of Tabriz, a senior Chinese official announced on Sunday.
"The Tabriz tram will have the highest standards in terms of safety, comfort, beauty, speed and quality," a senior Advisor of China's CT Group Company said.
He noted that Tabriz tramline will have a maximum speed of 80 kilometers per hour and will work in different weather conditions.
The Chinese official noted that Tabriz tramline can replace 50 buses and 200 taxis while it will cost much less.
Last month, Chinese officials held talks with their Iranian counterparts to finalize a deal on financing railway development projects in Iran.
"Our priority is the development of railway through attracting finance and recently we have reached an understanding with China, which is being finalized now," Deputy Director of Construction and Development of Infrastructures Transportation Company (CDITC) Seyed Massoud Nasr Azadani told FNA after the talks.
He, meantime, said that proper conditions are also ready for the Iranian companies to invest in building railway lines in the country.
Earlier this month, a senior trade official announced that Chinese companies are interested to invest in strategic projects of Iran.
"Chinese companies are ready to cooperate with this province in the construction of the second phase of the monorail as well as the telecommunication networks, airport and highway construction projects and they intend to sign a memorandum of understanding (MoU) in this regard," Top Adviser of China's Gansu Governor General Oyang Jian said in Qom today.
He pointed to the activities of Gansu province in recent years, and said, "Gansu province is the first Chinese province that has set up a trade delegation."
The Chinese official noted that the value of Gansu-Qom export/import has exceeded $100 million, and said since Gansu and Qom are sister provinces their cooperation should further increase.
He expressed the hope that Gansu and Qom provinces would increase their cooperation in the agriculture and energy sectors.
Gansu is a province of the People's Republic of China, located in the Northwest of the country.
Iran is currently China's third largest supplier of crude, providing Beijing with roughly 12 percent of its total annual oil consumption.