Swiss firm denies $1.4 billion rail deal with Iran
Sat Mar 3, 2018 7:50AM
Stadler Rail is reportedly interested in a 1.4 billion contract to build 960 subway wagons for Iran.
The Swiss firm Stadler Rail has denied reports that it signed a $1.4 billion contract to build 960 subway wagons for Iran.
The Swiss embassy in Tehran had said on Wednesday that Stadler would put the wagons in service from the end of 2020 in the Iranian capital and its western suburb of Karaj.
“On the margin of the First Iranian-Swiss Economic Commission meeting in Tehran, a major infrastructure deal was signed. By the end of 2020, Iranians will enjoy Swiss metro trains,” the embassy tweeted.
However, news and information platform Swissinfo on Friday quoted the company as saying that there was no deal or decision but merely a public tender.
On Wednesday, Swiss Ambassador to Iran Markus Leitner and Iran’s Deputy Minister of Industry, Mine and Trade attended a signing ceremony between Stadler Rail and the Industrial Development and Renovation Organization of Iran (IDRO).
Iran’s state news agency IRNA said Stadler would finance the project on a 14-year payback period, guaranteed by the Swiss Export Risk Insurance.
Last August, the World Bank said it was not looking to finance any projects in Iran, responding to Iranian government comments that the international lender was considering financing railway electrification in the country.
The World Bank loan was related to a 1.2 billion euro deal that Russia and Iran signed in November 2015 to electrify the Garmsar to Inche Burun route in Iran.
In July 2017, Iran’s state rail company and its Italian counterpart signed a final agreement worth 1.2 billion euros ($1.37 billion) to build a high-speed railway between the cities of Qom and Arak.
Later that month, French transport company Alstom signed a joint agreement for the construction of subway carriages in Iran.
The Export-Import Bank of China (EXIM) has also signed a $1.5 billion deal to finance the electrification of a high-speed rail line being built by Chinese companies between the Iranian cities of Tehran and Mashhad.
Iran has announced plans to invest $25 billion over the next 10 years in the modernization and expansion of its railway network.
Under the plan, Iran seeks to stretch out the nationwide railroad line to 25,000 kilometers by 2025 from under 15,000 kilometers now.
http://www.presstv.com/DetailFr/2018/03/03/554180/Iran-subway-Swiss-Stadler-Rail-deal--
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China's railway giant signs deal to supply metro cars to Iran
Wed Mar 7, 2018 10:33AM
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Iranian and Chinese sides attend a signing ceremony for supply of rolling stock in Tehran, March 7, 2018.
China’s CRRC Nanjing Puzhen Rail Transport on Wednesday signed a contract with Iran’s IDRO Group to supply 450 metro cars for the Iranian cities of Ahvaz, Tabriz and Shiraz.
The company, a subsidiary of China’s railway giant CRRC Corps, undertook to provide funds up to 85% of the project as well as parts for assembly at Iranian train manufacturing company Wagon Pars, IDRO Managing Director Mansour Moazzami said.
“In order to make maximum use of domestic capabilities in the field of rolling stock manufacturing, the contracting party was required to cooperate with the Wagon Pars company of Arak,” he said.
“Hence, the production and supply of wagons needed compatible with world-class technology will be carried out for the first time at Wagon Pars in partnership with a foreign company with an investment of 25 million euros,” Moazzami added.
Another Chinese company signed a deal with Iran's Ministry of Roads and Urban Development to build a railway between the cities of Shiraz and Bushehr in the country's south with $700 million of investment.
The Export-Import Bank of China (EXIM) has signed a $1.5 billion deal to finance the electrification of a high-speed rail line being built by Chinese companies between the Iranian cities of Tehran and Mashhad.
The Swiss embassy in Tehran said Stadler would put the wagons in service from the end of 2020 in the Iranian capital and its western suburb of Karaj.
However, news and information platform Swissinfo said on Friday the company had denied the report, saying that there was no deal or decision but merely a public tender.
Iran has announced plans to invest $25 billion over the next 10 years in the modernization and expansion of its railway network. Under the plan, Iran seeks to stretch out the nationwide railroad line to 25,000 kilometers by 2025 from under 15,000 kilometers now.
Moazzami said negotiations have been held on supply of 5,000 metro cars worth more than 6 billion euros, most of which have been finalized and will gradually be announced.
In July 2017, Iran’s state rail company and its Italian counterpart signed a final agreement worth 1.2 billion euros ($1.37 billion) to build a high-speed railway between the cities of Qom and Arak.
Later that month, French transport company Alstom signed a joint agreement for the construction of subway carriages in Iran.
http://www.presstv.com/DetailFr/2018/03/07/554646/Iran-rolling-stock-metro-cars-China