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 ...

Iranian Ministry of Industries, Mining and Trade has released...
Currency, Gold at New High in Tehran Market
The foreign exchange market heated up again on Monday to post...
Gov’t to Issue Bonds to Pay Back Loans on Iran Air ATR Planes
The government’s Economic Council last week approved a...
Tehran Stocks Rally, Incline Toward Export Sector
Tehran Stock Exchange set a fresh record high on Monday as...
Int'l Plast Expo 2018 Opens in Tehran
The 12th International Iran Plast Exhibition opened at Tehran'...
Iranian Banks Lend $16.8 Billion in 5 Months
Banks and credit institutions allocated 2.4 quadrillion rials...
Iran: Summer Sees Highest Inflation on Record
The consumer price index increased from 116.2 to 134.6 or...
Iranian Private Carmaker Increases Prices 55%
Iran’s largest private automaker Modiran Vehicle Manufacturing...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus