Esfahan Steel Company (ESCO) has signed an agreement with Tehran Metro Company for providing 800 tons of rails to boost the development of urban and intercity railroads.
The deal was signed Monday on the sidelines of the Second National Iranian Steel Festival and Exhibition in Tehran that runs until Jan. 16.
According to Tehran Metro CEO Farnoush Nobakht, of the total 800 tons of rails, 500 will be utilized for expanding subway lines in Tehran and the rest would be used in other projects, IRNA reported.
"The agreement was part of Tehran Municipality's plans for developing urban and intercity railroad transportation using domestic resources," he said.
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