Rail MoU With Deutsche Bahn
Rail MoU With Deutsche Bahn

Iran Signs Rail MoU With Deutsche Bahn

Iran Signs Rail MoU With Deutsche Bahn

A memorandum of understanding was signed between Iran’s Bon Rail Company, a rail passenger transport firm affiliated with Iran’s Mostazafan Foundation, and German rail company Deutsche Bahn AG on the sidelines of the Fifth International Exhibition of Rail Transportation, Related Industries and Equipment, which was held in Tehran on May 15-18.
Some 300 domestic and foreign companies, including those from Sweden, Switzerland, Belgium, France, India, Ukraine, New Zealand, Turkey, Latvia, Spain, Russia, China, Serbia, the Czech Republic, Italy and Germany, participated in the event.
The MoU pertains to “technical and financial cooperation”, Bon Rail CEO Alireza Sheikh-Taheri was quoted as saying by IRNA.
“Based on the MoU, Deutsche Bahn will provide us with financial and technical consultation,” he said, adding that Bon Rail has previously signed a contract with DB to “improve its fleet”.
Established in 1994, Deutsche Bahn is a private joint-stock company headquartered in Berlin, with the Federal Republic of Germany being its sole shareholder. It carries about 2 billion passengers each year.
Bon Rail has 128 passenger wagons in its fleet with the average age of 11 years. The company transported 1.7 million passengers in the last Iranian year (ended March 20, 2017).

Short URL : https://goo.gl/AEifBG
  1. https://goo.gl/zIlrhU
  • https://goo.gl/D3pQGE
  • https://goo.gl/A4dDpW
  • https://goo.gl/Bdzv8s
  • https://goo.gl/lcXEn6

You can also read ...

Turkey Determined to Protect Companies From US Sanctions
Turkey will take every initiative to protect its companies...
Westminster Group Hopeful Over Iran Airport Security Deal
UK-based company Westminster Group PLC is still hopeful it can...
Further Hike in Unified USD Rate
The Central Bank of Iran has increased the US dollar's...
Tesla’s Gigafactory in Nevada, the US
Tesla Inc has flown six planes full of robots and equipment...
Head of Sistan-Baluchestan’s Ports and Maritime Organization Behrouz Aghaei (L) shakes hands with Managing Director of Life Trade Promotion Company Mohammad Arazesh after signing the agreement on May 23.
Life Trade Promotion Company signed an agreement with Sistan-...
No Change in Citroen’s Iran Strategy
In the face of Washington’s withdrawal from the historic...
Iran’s 65-and-over population is projected to rise to make up 11% of the total population in 2036-37.
Iran’s population will get increasingly older over the next...
About 60% of the total volume of NPLs in Iran are considered irrecoverable.
Iranian banks and credit institutions held a total of about 1....

Add new comment

Read our comment policy before posting your viewpoints