The US has blocked a train project connecting North and South Korea amid deepening split with Pyongyang.

The Swiss embassy in Tehran had said on Wednesday that Stadler would put the wagons in service from the end of 2020 in the Iranian capital and its western suburb of Karaj.

Hyundai Rotem signs an agreement in Tehran with the Iranian Rail Industries Development Co (IRICO) to jointly build 450 rail carriages.

The country's railway sector is seen as an emerging market in the world with a huge investment potential which is already attracting a host of foreign players.

Renato Mazzoncini, CEO of Italy's state railway company Ferrovie dello Stato (FS), will visit Tehran on July 11 to finalize the construction of the 135-kilometer line.

Iran is preparing to launch what could be the country’s most beautiful rail routes at the heart of a multimodal intercontinental transportation project.

President Rosen Plevneliev and his Iranian counterpart Hassan Rouhani discussed the establishment of a rail link from Iran to Europe through Bulgaria in their meeting on the sidelines of the UN General Assembly.

Tehran is said to have inked a deal with Ankara to barter oil for rail.