51243
Germany, China Finance €400m Wagon Agreement
Economy, Domestic Economy

Germany, China Finance €400m Wagon Agreement

German and Chinese banks have provided €400 million in loan to finance deals between Iran and Siemens to jointly manufacture wagons and locomotives in the Islamic Republic, says a deputy roads minister, Mohsen Pourseyyed Aqaei. “Deals worth some €400 million, signed with Germany to jointly manufacture locomotives, have been financed by German, and partly by Chinese banks,” said Aqaei, who also chairs the government-affiliated Islamic Republic of Iran Railways Company, the ministry’s news service reported. On Monday, Germany’s Siemens signed a contract to upgrade Iran’s railroad network, one of several deals agreed by German firms during a two-day visit to Tehran by Economy Minister Sigmar Gabriel. Siemens said it will supply components for 50 diesel-electric locomotives to Iran’s MAPNA Group. Another agreement was also signed between the two companies to jointly manufacture 70 electric locomotives to be used in the 926-km Tehran-Mashhad railroads, which is being electrified.

 

Short URL : https://goo.gl/K7fLsS
  1. https://goo.gl/cpXBHR
  • https://goo.gl/RuvUh6
  • https://goo.gl/Nn90am
  • https://goo.gl/8aZYCG
  • https://goo.gl/6AyBis

You can also read ...

Banks will now draft a single set of balance sheets that adhere to CBI’s IFRS-based templates.
Minister of Economic Affairs and Finance Masoud Karbasian and...
ICCIMA Trade Mission Off to Spain
A 30-member commercial delegation from Iran’s private sector...
Mental Health Investment: The Economic Case
The link between mental health and economic productivity is...
Ikarus buses were popular in Iran during 1990s.
Hungarian bus manufacturer Ikarus is set to re-enter Iran...
Carmakers Pile Into Europe Scrappage Offers
Renault-Nissan and Kia are the latest car companies to launch...
Plan to Make Home Loans More Affordable
The administration of President Hassan Rouhani is mulling new...
Bloom and billet sales made up the lion’s share of KSC’s sales.
Iran’s largest steel exporter Khouzestan Steel Company...
IKCO in Another Murky Presale
Iran Khodro started presales of its newly unveiled small...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus