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, and a division of China’s top train manufacturer CRRC Corp. Ltd.

In a separate deal, CRRC said that the 200 remaining subway cars from an existing order for 315 will be produced in Iran, instead of China.

(Source: Tehran Times)

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