Chinese Firm Signs Contract for 367 Tehran Subway Cars

As per an agreement signed Tuesday between Tehran Municipality, Beijing Rail Transit Technology Equipment Group Co. (RTTE) and local Pars Wagon company in Markazi Province, 367 subway cars will be added to the capital’s metro network.
The cars are to be delivered by 2022 and each wagon will cost $976,000, metro.tehran.ir reported.
Production will commence as soon as funding for imports of required parts is available. The project is estimated to cost $366.9 million.
Subway car prices vary around the world. For instance, each New York City subway wagon, built by Japan's Kawasaki Heavy Industries, was purchased in 2006 at an average cost of $2 million.