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Chinese Company to Supply 630 Cars for Tehran Subway

Business & Markets Desk
The Chinese side is to deliver 56 wagons in the form of completely built-up units, 70 wagons will be assembled in Iran and the remaining 504 are going to be constructed in Iran.The Chinese side is to deliver 56 wagons in the form of completely built-up units, 70 wagons will be assembled in Iran and the remaining 504 are going to be constructed in Iran.

China Railway Rolling Stock Corporation Changchun Railway Company (CRRC CRC) and Tehran Wagon Company have won the tender to build and supply 630 cars for Tehran’s Subway on Wednesday. 
The project is worth more than €782.66 million and will be financed by the Chinese side, according to the director general of Urban Rail Transportation Bureau of Iran’s Urban and Rural Municipalities Organization affiliated to the Interior Ministry.

“We are negotiating to sign a contract as we speak. The Chinese company Norinco Group will function as the finance coordinator in this project,” Hossein Rajab Salahi told Financial Tribune on Saturday. 
The official added that each wagon will cost close to €1.08 million freight on board, to which transportation and customs expenses will be added.

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