RAI to sign deal for 6,000 freight wagons

TEHRAN, May 14 (MNA) – Deputy Head of Islamic Republic of Iran Railways Company (RAI) said an agreement to purchase and build 6,000 freight wagons will be sealed in time with the 5th International Exhibition of Rail Transportation and Related Industries, Equipment.

Babak Ahmadi said as per the agreement, 4,900 freight wagons will be manufactured by three domestic companies with 100% foreign financing adding “the fund will be supplied through a 250-million-euro Russian investment.”

He noted that a total of 1,100 wagons will be also imported to Iran though only after the manufacturing line of the three Iranian companies are launched.

The official pointed to holding of the 5th Iran RailExpo on May 15-18 in Tehran saying “the event marks the world's second largest rail exhibition during which 160 local and 130 foreign companies from 16 countries will showcase their latest achievements and products.”

Foreign firms will be from Sweden, Switzerland, Belgium, France, India, Ukraine, New Zealand, Turkey, Italy, Latvia, Spain, Russia, the Czech Republic, China, Germany and Serbia while railway authorities of Italy, China, Spain, France and Latvia will be present in specified pavilions.

Pointing to Iran's need of 8,000 freight wagons plus 4,000 passenger wagons in 2023 Iran Vision Plan, he said that the country also needed to buy 1,000 locomotives by then.


News Code 125364


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