May 20, 2017, 4:38 AM
Iran, Germany ink railway MoU

TEHRAN, May 20 (MNA) – A Memorandum of Understanding (MoU) for technical and financial cooperation has been signed between the Bonyad Eastern railway company (Bonrail) and German State Railway.

The cooperation agreement was sealed on the closing day of the 5th International Exhibition of Rail Transportation and Related Industries, Equipment dubbed as RailExpo which was held on May 15-18 in Tehran International Permanent Fairground.

On the sidelines of the MoU-signing ceremony, Alireza Sheikh Taheri, Managing Director of Bonyad Eastern railway company, said “previously, another contract had been signed with Deutsche Bahn, Germany's state-owned railway, aimed at improving quality of railway services and in view of their satisfaction with the deal, the Germans made the proposal for the memorandum of technical and financial cooperation in rail sector, which was inked today.”

As per the agreement, Germany's state-owned railway will provide Bonrail with consultations on technical, financial and infrastructure areas and the Iranian firm will take advantage of cooperation with Deutsche Bahn railway company.

Bonyad Eastern Railway Co. (PJS), was registered in 1985. As a subsidiary of Bonyad Mostazafan Organization and first Iranian private passenger train company, it has started its activities with 10 passenger coaches and has continued in the field of passenger transportation for two decades. Nowadays, the company, under the Bonrail brand, has a rolling stock consisting of 128 passenger coaches in many routes and offers catering services during the trip for passengers.

Hosted by the Iranian capital of Tehran, the fifth Iran RailExpo marked the world's second largest rail exhibition during which 160 local and 130 foreign companies from 16 countries showcased their latest achievements and products.


News Code 125454


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