Tag Archives | rail

€3bn Siemens Credit Line on the way

By John Lee. Germany’s Siemens is reported to be preparing to provide 3 billion euros in financing for rail and power projects in Iran. Deputy Minister of Road and Urban Development for International Affairs, Asghar Fakhriyeh-Kashan, said on Tuesday: “Through financing a number of construction projects, Siemens plans to enter into a joint venture with […]

Russia to Invest $3bn in Iran’s Railroad Industry

The Industrial Development & Renovation Organization of Iran (IDRO) and Russia’s Transmashholding have signed a contract to manufacture railway wagons. The contract was sealed Monday with the attendance of Minister of Industries, Mines and Trade Mohammad Reza Nematzadeh and Deputy Foreign Minister for Legal and International Affairs Abbas Araqchi. Based on the agreement, the two […]

Iran, Azerbaijan to Transport Goods via North-South Corridor Soon

Iran and Azerbaijan are expected to start transporting goods and cargos through the International North-South Transport Corridor (NSTC), a multi-model route to link India and the Middle East to the Caucasus, Central Asia and Europe, a report said. The two countries’ railways will be connected within the same North-South Corridor through Qazvin-Rasht-Astara route, to increase […]

Iran plans High-Speed Rail Links

By John Lee. Iran Railways says it has signed a preliminary agreement with the Italian state-owned Ferrovie dello Stato (FS) to build two high-speed links in Iran. The lines will run between Qom and Arak, and between Tehran and Isfahan. According to the report from Associated Press, Iran signed an $8 million deal with French company […]

Russia Ready to Electrify Tehran-Tabriz Railway

Russian Railways is ready to help electrify Tehran-Tabriz railway to connect the Iranian capital to the northwestern city, First Vice President of the Russian Railways Operator Alexander Misharin said. This issue was discussed today with the President of the Islamic Republic of Iran Railways (RAI) Saeed Mohammadzadeh, Misharin added, the Tass news agency reported on […]

Iran Plans to Lease New Train Cars from Europe

Iran’s state-run railway company is in talks with a number of European companies to lease brand-new train cars, an official said. The Islamic Republic of Iran Railways, known as RAJA at home, is proceeding with business negotiations with a number of European companies on leasing train cars, which are mostly new and are expected to […]

Hamedan-Tehran Railway Starts Operation

President Rouhani ordered Hamedan-Tehran railway to start operation, a 276km project that has been completed with $258m credit. At the opening ceremony that was held on Monday morning, Dr Rouhani travelled a distance by the train and officially opened the railway. The President entered Hamedan province last night and was welcomed by the Governor General […]

RZD International signs €1.2bn Iran Electrification Deal

RZD International and Islamic Republic of Iran Railways signed the contract for the Garmsar–Inche Bouroun Railway Line Electrification. In the framework of the visit of the President of the Islamic Republic of Iran Hassan Rouhani  to Moscow “RZD International” LLC and JSC “Islamic Republic of Iran Railways” signed the Contract for electrification of the Garmsar – […]

Iran, Russia Finalize Deal on Production of Railroad Cars

The Industrial Development and Renovation Organization of Iran (IDRO) and Transmashholding, Russia’s largest company on the railway machine-building market, finalized a memorandum of understanding (MoU) to boost cooperation in production of railroad cars. The cooperation agreement was finalized during the talks in Moscow between an Iranian delegation headed by Deputy Minister of Industry, Mines, and […]

Chinese firms help to update Tehran Metro

By John Lee. According to Tehran Times, the Chinese military-affiliated Norinco International won a 93 million euro ($100 million) contract to manufacture 70 subway cars for the Tehran Metro. The cars will be sold to Tehran Wagon Manufacturing Co., a joint venture formed between Norinco, with a 29% stake, together with Tehran’s official subway operator, […]