"Iran which understands the political and economic conditions and developments believes that the necessary capacities for cooperation in transferring power and electricity, building roads and etc. will be provided and we hope that obstacles will be removed through the presence of the private sector," Jahangiri said, addressing the joint Iran-Iraq economic-trade forum in Tehran on Sunday.
He noted that building Shalamcheh-Basra railway was one of the agreements made during the recent visit by the Iraqi delegation to Iran, stressing the importance of developing road transportation between the two countries.
"We will connect the Persian Gulf from Iraq to Syria and Mediterranean via railway and road," Jahangiri said.
The Shalamcheh-Basra railway project is said to cost 2.22 billion rials and once implemented will link Iranian railway to Syria through Iraq.
Director General of the Railway and Technical Structures Department at the Islamic Republic of Iran Railways (RAI) Mohammad Moussavi said in December that Iran was to build a movable railway bridge over the Arvand River as part of the 35-kilometer Shalamcheh-Basra railway project for linking Iran-Iraq railway network.
Moussavi said Iraqi railway network would link Iranian cities of Khorramshahr and Abadan to Basra and continue up to Imam Khomeini Port.