Economy, Domestic Economy

Iran, France Sign MoU in Rail Sector

MoU With France in Rail SectorMoU With France in Rail Sector

Iran and France signed a memorandum of understanding in Tehran on Sunday to boost cooperation in the rail sector.

The MoU stipulates French cooperation with Iran for railroad expansion and development of suburban trains, rail stations, high-speed trains, as well as structural reform in Iran’s rail sector and crisis management, among other fields, IRNA reported.

The MoU was signed during a visit by a French delegation, including representatives of rail companies and French Parliament.

It is a follow-up to a preliminary agreement Iran signed with France during President Hassan Rouhani’s visit to the European country in January 2016, when deals worth billions of dollars were signed.

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