US sanctions to have no effect on manufacturing Iran’s high-speed railroads

TEHRAN, Jun. 24 (MNA) – Sales manager of China National Railway Locomotive & Rolling Stock Industry Corporation (CRRC) said that re-imposition of US sanctions against Iran will not create any major obstacle for mutual cooperation.

Despite re-imposition of sanctions on Iran, CRRC will continue its cooperation with Iran’s rail transport industry, he said, adding, “CRRC Holding Corporation is tasked with manufacturing high-speed trains, wagons for subway, diesel-powered and electric locomotives and related accessories.

CRRC is regarded as one of the largest companies active in world’s rail transport market, he said, adding, “due to the longevity of this prestigious company, which dates back to 100 years ago, CRRC is composed of two corporations named CNR and CSR.”

The company accounts for maximum share in world’s rail market in a way that countries including Argentine, Australia, Kenya, Saudi Arabia, Thailand and some European countries are major customers for products of this Chinese company.

In response to a question on whether re-imposition of US sanctions against Iran can affect activities of the company, he said, “it seems that reinstatement of US sanctions on Iran will not create any obstacle ahead of our cooperation with Iranian railway industry.”

CRRC sales and marketing manager pointed to the construction of Tehran-Qom-Isfahan High-Speed Railway project and said, “recent studies show that Iran’s railway industry has promoted and progressed rapidly in recent years.”  

CRRC Corporation Limited (known as CRRC) is a Chinese publicly traded rolling stock manufacturer with the merger of CNR and CSR.


News Code 135060


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